Toronto Dominion Bank Boosts Stock Position in Entergy Corporation (NYSE:ETR)

Toronto Dominion Bank raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,301 shares of the utilities provider's stock after acquiring an additional 22,559 shares during the period. Toronto Dominion Bank's holdings in Entergy were worth $11,244,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock worth $472,444,000 after purchasing an additional 1,354,355 shares during the last quarter. LaFleur & Godfrey LLC acquired a new stake in Entergy in the fourth quarter valued at about $217,000. SG Americas Securities LLC grew its position in Entergy by 280.9% in the fourth quarter. SG Americas Securities LLC now owns 9,468 shares of the utilities provider's stock valued at $718,000 after acquiring an additional 6,982 shares during the last quarter. Avior Wealth Management LLC raised its stake in Entergy by 324.3% during the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock worth $56,000 after acquiring an additional 561 shares in the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Entergy by 275.6% in 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 during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Up 1.0%

ETR stock traded up $0.84 during mid-day trading on Friday, reaching $83.20. 4,051,049 shares of the company traded hands, compared to its average volume of 3,645,530. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The firm's 50 day moving average price is $82.77 and its 200 day moving average price is $80.75. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

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

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's payout ratio is currently 77.92%.

Analysts Set New Price Targets

ETR has been the topic of a number of research reports. Evercore ISI boosted 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. UBS Group raised their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. BMO Capital Markets lifted their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research report on Wednesday, May 14th. Finally, Barclays raised their price target on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.