Robeco Institutional Asset Management B.V. Has $13.54 Million Position in Entergy Corporation (NYSE:ETR)

Robeco Institutional Asset Management B.V. raised its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 217.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,387 shares of the utilities provider's stock after buying an additional 108,457 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Entergy were worth $13,541,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. NBT Bank N A NY lifted its holdings 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 purchasing an additional 170 shares during the last quarter. Duncker Streett & Co. Inc. grew its stake in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. Sandy Spring Bank grew its stake in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. Glen Eagle Advisors LLC grew its stake in shares of 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 buying an additional 180 shares in the last quarter. Finally, Riverview Trust Co boosted its stake in shares of Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after purchasing an additional 182 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Trading Down 0.7%

ETR stock traded down $0.60 on Tuesday, hitting $82.52. 3,182,981 shares of the company were exchanged, compared to its average volume of 3,589,217. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.82 and a quick ratio of 0.55. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38. The business's fifty day moving average is $82.67 and its two-hundred day moving average is $81.72. The stock has a market capitalization of $35.55 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.26 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The firm had revenue of $3.02 billion for 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 in the prior year, the firm posted $0.54 EPS. As a group, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.91%. Entergy's dividend payout ratio (DPR) is 77.92%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ETR shares. 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 research report on Friday, March 21st. Barclays upped their price objective on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. 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. Raymond James Financial began coverage on shares of Entergy in a research note on Friday, June 13th. They set a "market perform" rating on the stock. Finally, Morgan Stanley cut their price objective on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.25.

Entergy Company 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.