Entergy Co. (NYSE:ETR) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in Entergy Co. (NYSE:ETR - Free Report) by 61.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 164,542 shares of the utilities provider's stock after purchasing an additional 62,703 shares during the quarter. Mackenzie Financial Corp owned approximately 0.08% of Entergy worth $16,650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Cornercap Investment Counsel Inc. bought a new stake in shares of Entergy during the 4th quarter valued at $962,000. Strs Ohio raised its holdings in Entergy by 37.1% during the fourth quarter. Strs Ohio now owns 48,000 shares of the utilities provider's stock valued at $4,857,000 after acquiring an additional 13,000 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Entergy in the fourth quarter valued at about $1,295,000. WCM Investment Management LLC purchased a new stake in shares of Entergy during the fourth quarter worth about $238,000. Finally, Vaughan David Investments LLC IL raised its stake in Entergy by 4.9% during the 4th quarter. Vaughan David Investments LLC IL now owns 363,673 shares of the utilities provider's stock valued at $36,800,000 after purchasing an additional 16,883 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the business's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares of the company's stock, valued at approximately $1,019,247.24. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the company's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,000 shares of company stock worth $1,226,685. Insiders own 0.39% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of Entergy from $108.00 to $107.00 and set an "equal weight" rating for the company in a report on Monday. BMO Capital Markets lifted their price target on shares of Entergy from $110.00 to $113.00 and gave the company an "outperform" rating in a report on Monday, February 26th. KeyCorp raised their price objective on Entergy from $108.00 to $112.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $117.00 price target on shares of Entergy in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.00.

Entergy Trading Up 2.9 %

Shares of ETR traded up $3.02 during midday trading on Friday, hitting $106.77. The stock had a trading volume of 2,118,537 shares, compared to its average volume of 1,377,594. The stock's 50 day moving average is $102.44 and its 200 day moving average is $100.01. The firm has a market cap of $22.77 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $109.70.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, hitting analysts' consensus estimates of $0.52. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period in the prior year, the company posted $0.51 EPS. As a group, analysts forecast that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Wednesday, May 1st. Entergy's dividend payout ratio is currently 40.76%.

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.