Rhumbline Advisers Grows Holdings in Entergy Corporation (NYSE:ETR)

Rhumbline Advisers raised its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 798,615 shares of the utilities provider's stock after acquiring an additional 63,473 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Entergy worth $68,273,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Fortis Group Advisors LLC lifted its holdings in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. NBT Bank N A NY raised its holdings in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares during the last quarter. Duncker Streett & Co. Inc. raised its holdings in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the last quarter. Sandy Spring Bank raised its holdings in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the last quarter. Finally, Glen Eagle Advisors LLC raised its holdings in Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Performance

Shares of Entergy stock traded up $0.31 during trading on Friday, hitting $82.11. 2,381,510 shares of the company's stock were exchanged, compared to its average volume of 3,619,345. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The business has a 50-day simple moving average of $82.54 and a 200-day simple moving average of $80.98. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The stock has a market capitalization of $35.37 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $3.13 billion. During the same quarter last year, the company posted $0.54 earnings per share. On average, research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Evercore ISI boosted their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research report on Wednesday, May 14th. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, UBS Group upped their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, eleven have given 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.