Resolution Capital Ltd Buys 39,033 Shares of Entergy Corporation (NYSE:ETR)

Resolution Capital Ltd lifted its position in Entergy Corporation (NYSE:ETR - Free Report) by 280.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,959 shares of the utilities provider's stock after purchasing an additional 39,033 shares during the quarter. Resolution Capital Ltd's holdings in Entergy were worth $4,015,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NBT Bank N A NY increased its holdings in shares of Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares during the last quarter. Fortis Group Advisors LLC increased its stake in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the last quarter. Sandy Spring Bank increased its stake in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the last quarter. Finally, Riverview Trust Co increased its stake in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after acquiring an additional 182 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Trading Up 1.6%

Shares of NYSE 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. 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 firm has a market cap 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. The business's fifty day moving average price is $83.03 and its two-hundred day moving average price is $80.14. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the previous year, the business earned $0.54 earnings per share. Analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business 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 of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.89%. Entergy's dividend payout ratio (DPR) is presently 77.92%.

Analyst Ratings Changes

ETR has been the topic of several analyst reports. Evercore ISI boosted their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. BMO Capital Markets boosted their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Barclays boosted their price objective on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, UBS Group boosted their target price on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Entergy presently has an average rating of "Moderate Buy" and an average price target of $86.04.

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.