Mirae Asset Global Investments Co. Ltd. Purchases 6,870 Shares of Entergy Corporation (NYSE:ETR)

Mirae Asset Global Investments Co. Ltd. boosted its position in Entergy Corporation (NYSE:ETR - Free Report) by 18.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,789 shares of the utilities provider's stock after buying an additional 6,870 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Entergy were worth $3,781,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ETR. LaFleur & Godfrey LLC bought a new position in shares of Entergy in the 4th quarter worth $217,000. Brighton Jones LLC increased its position in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after acquiring an additional 6,733 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Entergy by 169.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 8,010 shares of the utilities provider's stock worth $607,000 after acquiring an additional 5,039 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Entergy by 7.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,523 shares of the utilities provider's stock valued at $646,000 after acquiring an additional 566 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Entergy by 180.3% during the 4th quarter. Fisher Asset Management LLC now owns 6,585 shares of the utilities provider's stock valued at $499,000 after purchasing an additional 4,236 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on ETR. Morgan Stanley lowered their price objective on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. BMO Capital Markets increased their price target on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. UBS Group lifted their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Raymond James Financial initiated coverage on shares of Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $86.25.

Entergy Price Performance

Shares of Entergy stock traded up $0.83 on Thursday, reaching $82.15. The stock had a trading volume of 1,120,750 shares, compared to its average volume of 3,581,840. The business's 50 day moving average is $82.60 and its two-hundred day moving average is $81.73. The company has a market cap of $35.39 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.22 and a beta of 0.59. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.60 by $0.22. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period last year, the firm earned $0.54 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy's payout ratio is 77.92%.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.