397,418 Shares in Entergy Corporation (NYSE:ETR) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 397,418 shares of the utilities provider's stock, valued at approximately $30,132,000. Susquehanna Fundamental Investments LLC owned approximately 0.09% of Entergy at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. NBT Bank N A NY raised its stake 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. Fortis Group Advisors LLC boosted its holdings 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 acquiring an additional 172 shares during the period. Duncker Streett & Co. Inc. lifted its holdings in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the period. Sandy Spring Bank lifted its holdings in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the period. Finally, Riverview Trust Co raised its position in shares of Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after acquiring an additional 182 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Up 0.8 %

Shares of NYSE ETR traded up $0.66 on Thursday, hitting $83.83. The company had a trading volume of 1,379,351 shares, compared to its average volume of 4,227,254. Entergy Corporation has a 12-month low of $52.06 and a 12-month high of $88.38. The business has a 50 day moving average of $83.38 and a two-hundred day moving average of $78.78. 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 firm has a market capitalization of $36.11 billion, a P/E ratio of 34.43, a PEG ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 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 the consensus estimate 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 prior year, the business posted $0.54 earnings per share. As a group, equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders 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 yield of 2.86%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is presently 98.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ETR shares. Scotiabank dropped their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Evercore ISI increased their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upped their target price on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Finally, LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $85.75.

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.