Janus Henderson Group PLC Has $72.57 Million Position in Entergy Corporation (NYSE:ETR)

Janus Henderson Group PLC raised its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 76.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 957,111 shares of the utilities provider's stock after buying an additional 415,030 shares during the quarter. Janus Henderson Group PLC owned about 0.22% of Entergy worth $72,570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in shares of Entergy by 4.0% during the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider's stock valued at $36,885,000 after acquiring an additional 10,697 shares during the period. JPMorgan Chase & Co. lifted its stake in Entergy by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock valued at $472,444,000 after acquiring an additional 1,354,355 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Entergy by 0.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock worth $2,224,000 after purchasing an additional 162 shares during the last quarter. Czech National Bank increased its position in Entergy by 113.5% during the fourth quarter. Czech National Bank now owns 92,976 shares of the utilities provider's stock worth $7,049,000 after buying an additional 49,421 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in shares of Entergy by 102.9% during the 4th quarter. Capital Investment Advisors LLC now owns 7,100 shares of the utilities provider's stock worth $538,000 after acquiring an additional 3,600 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group upped their target price on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Barclays lifted their price objective on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Wells Fargo & Company upped their target price on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Entergy presently has an average rating of "Moderate Buy" and an average target price of $86.04.

Entergy Stock Down 0.4%

ETR traded down $0.34 during trading on Monday, reaching $82.80. The company had a trading volume of 687,975 shares, compared to its average volume of 3,676,749. The business's fifty day moving average price is $83.03 and its 200 day moving average price is $80.16. 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 Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The company has a market cap of $35.67 billion, a P/E ratio of 34.06, a PEG ratio of 2.34 and a beta of 0.62.

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 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 company had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.90%. Entergy's payout ratio is presently 77.92%.

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.