MetLife Investment Management LLC Has $8.60 Million Position in Entergy Corporation (NYSE:ETR)

MetLife Investment Management LLC increased its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 104.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,452 shares of the utilities provider's stock after purchasing an additional 57,870 shares during the quarter. MetLife Investment Management LLC's holdings in Entergy were worth $8,602,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after acquiring an additional 26,312,267 shares in the last quarter. FMR LLC grew its position in Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after acquiring an additional 5,998,760 shares in the last quarter. Geode Capital Management LLC grew its position in Entergy by 106.2% in the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock valued at $774,103,000 after acquiring an additional 5,271,559 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Entergy by 66.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after acquiring an additional 4,418,528 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Entergy by 76.3% in the fourth quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider's stock valued at $764,238,000 after acquiring an additional 4,360,772 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

NYSE ETR traded down $0.37 on Friday, hitting $84.60. The stock had a trading volume of 2,697,771 shares, compared to its average volume of 3,670,462. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a market cap of $36.44 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 2.34 and a beta of 0.56. The company's 50-day moving average is $83.51 and its two-hundred day moving average is $78.57.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period last year, the firm posted $0.26 earnings per share. On average, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. The ex-dividend date is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.84%. Entergy's dividend payout ratio (DPR) is 98.77%.

Analyst Ratings Changes

Several brokerages have issued reports on ETR. Barclays increased their price objective on shares of Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Evercore ISI increased their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. BMO Capital Markets lowered their price objective on shares of Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. increased their target price on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, Scotiabank reduced their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.25.

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.