Quantinno Capital Management LP Purchases 44,741 Shares of Entergy Corporation (NYSE:ETR)

Quantinno Capital Management LP raised its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 141.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,279 shares of the utilities provider's stock after purchasing an additional 44,741 shares during the period. Quantinno Capital Management LP's holdings in Entergy were worth $5,783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Fortis Group Advisors LLC lifted its holdings in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares in the last quarter. NBT Bank N A NY increased its position in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after buying an additional 170 shares during the period. Duncker Streett & Co. Inc. lifted its holdings in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares in the last quarter. Sandy Spring Bank lifted its holdings in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares in the last quarter. Finally, Riverview Trust Co boosted its position in shares of Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 182 shares during the period. Institutional investors own 88.07% of the company's stock.

Entergy Price Performance

NYSE:ETR traded up $0.52 during mid-day trading on Friday, reaching $81.80. The stock had a trading volume of 321,962 shares, compared to its average volume of 3,666,040. The stock has a market capitalization of $35.24 billion, a P/E ratio of 33.66, a P/E/G ratio of 2.34 and a beta of 0.62. The firm has a 50 day moving average price of $82.93 and a two-hundred day moving average price of $80.34. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business posted $0.54 EPS. As a group, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is 77.92%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. UBS Group upped their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Evercore ISI increased their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Morgan Stanley restated an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company raised their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.04.

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.