Entergy Corporation (NYSE:ETR) Shares Bought by Soroban Capital Partners LP

Soroban Capital Partners LP boosted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 100.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,874,758 shares of the utilities provider's stock after acquiring an additional 1,437,379 shares during the quarter. Entergy comprises about 2.9% of Soroban Capital Partners LP's portfolio, making the stock its 12th largest position. Soroban Capital Partners LP owned about 0.67% of Entergy worth $217,964,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ETR. Vanguard Group Inc. lifted its holdings in shares of Entergy by 101.9% in the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after buying an additional 26,312,267 shares during the period. Bank of America Corp DE raised its holdings in Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after purchasing an additional 10,347,926 shares during the period. FMR LLC raised its holdings in Entergy by 90.7% in the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after purchasing an additional 5,998,760 shares during the period. Ameriprise Financial Inc. raised its holdings in Entergy by 71.4% in the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock worth $976,895,000 after purchasing an additional 5,368,396 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Entergy by 106.2% in the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after purchasing an additional 5,271,559 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Trading Down 1.6%

ETR traded down $1.33 during trading hours on Thursday, reaching $81.24. The company's stock had a trading volume of 1,905,177 shares, compared to its average volume of 3,679,277. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The stock has a market cap of $35.00 billion, a PE ratio of 33.36, a P/E/G ratio of 2.34 and a beta of 0.62. The business's 50-day moving average is $83.02 and its 200-day moving average is $80.27. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

Entergy (NYSE:ETR - Get Free Report) last released 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. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio is presently 77.92%.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays upped their price target on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. UBS Group boosted their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company boosted their price objective on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Four investment 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $86.04.

About Entergy

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.