Investment Management Corp of Ontario Buys 29,989 Shares of Entergy Corporation (NYSE:ETR)

Investment Management Corp of Ontario increased its position in Entergy Corporation (NYSE:ETR - Free Report) by 424.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,058 shares of the utilities provider's stock after buying an additional 29,989 shares during the quarter. Investment Management Corp of Ontario's holdings in Entergy were worth $2,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ETR. Fortis Group Advisors LLC increased its position in Entergy by 100.0% during the 4th 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 period. NBT Bank N A NY increased its position in Entergy by 100.0% during the 4th 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 period. Duncker Streett & Co. Inc. increased its position in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. Sandy Spring Bank increased its position in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. Finally, Riverview Trust Co increased its position in Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Up 1.6%

Shares of ETR traded up $1.28 during trading hours on Friday, reaching $83.10. The stock had a trading volume of 2,444,486 shares, compared to its average volume of 3,688,589. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The firm has a 50-day simple moving average of $83.03 and a 200 day simple moving average of $80.14. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $35.80 billion, a price-to-earnings ratio of 34.13, a P/E/G 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 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 company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period last year, the business earned $0.54 EPS. Equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced 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 dividend yield of 2.89%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio is currently 77.92%.

Analysts Set New Price Targets

A number of research firms have weighed in on ETR. BMO Capital Markets increased their target price on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Wednesday. UBS Group raised 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. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company raised their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. 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. According to MarketBeat, Entergy 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.