13,216 Shares in Entergy Corporation (NYSE:ETR) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,216 shares of the utilities provider's stock, valued at approximately $1,130,000.

Several other hedge funds also recently bought and sold shares of the stock. Legacy Financial Advisors Inc. boosted its position in Entergy by 60.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock valued at $1,219,000 after buying an additional 6,028 shares during the period. Bank of Montreal Can increased its position in shares of Entergy by 74.3% in the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after purchasing an additional 286,005 shares during the last quarter. Horizon Investment Services LLC raised its holdings in shares of Entergy by 95.3% in the 4th quarter. Horizon Investment Services LLC now owns 4,319 shares of the utilities provider's stock valued at $328,000 after purchasing an additional 2,108 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Entergy by 25.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider's stock worth $6,708,000 after purchasing an additional 15,892 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in Entergy in the first quarter valued at $1,073,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

ETR has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on Entergy from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Raymond James Financial started coverage on shares of Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. raised their price objective on Entergy from $100.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Morgan Stanley dropped their price objective on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Finally, BMO Capital Markets increased their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, ten 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.46.

Entergy Stock Performance

Shares of ETR traded up $0.05 during trading hours on Friday, reaching $88.20. 1,804,809 shares of the company's stock traded hands, compared to its average volume of 2,388,739. The firm has a market capitalization of $37.99 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 2.40 and a beta of 0.59. The business's fifty day simple moving average is $82.94 and its two-hundred day simple moving average is $82.76. Entergy Corporation has a twelve month low of $56.00 and a twelve month high of $89.35. 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 (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 11.26% and a return on equity of 11.43%. The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period last year, the firm posted $0.54 earnings per share. Analysts predict 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 Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.72%. Entergy's payout ratio is currently 77.92%.

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.