Entergy Corporation (NYSE:ETR) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in shares of Entergy Corporation (NYSE:ETR) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,930 shares of the utilities provider’s stock after purchasing an additional 4,029 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Entergy were worth $3,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its stake in Entergy by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after acquiring an additional 1,981,611 shares during the period. JPMorgan Chase & Co. increased 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 purchasing an additional 1,354,355 shares during the last quarter. Confluence Investment Management LLC boosted its stake in Entergy by 96.0% in the 4th quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock worth $121,863,000 after buying an additional 787,367 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Entergy by 1,490.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 687,874 shares of the utilities provider’s stock valued at $52,155,000 after buying an additional 644,622 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Entergy by 16,409.2% during the 3rd quarter. International Assets Investment Management LLC now owns 466,716 shares of the utilities provider’s stock valued at $61,424,000 after acquiring an additional 463,889 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Trading Down 0.0 %

NYSE:ETR opened at $81.17 on Monday. The stock has a market cap of $34.81 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.71. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The business’s 50-day simple moving average is $77.23 and its 200 day simple moving average is $68.80.

Entergy (NYSE:ETR) last released its earnings results on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.46 by $0.04. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the prior year, the business posted $1.64 EPS. As a group, sell-side analysts predict that Entergy Corporation will post 3.59 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.96%. Entergy’s payout ratio is currently 58.39%.

Insiders Place Their Bets

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total transaction of $616,090.02. Following the sale, the insider now directly owns 4,032 shares of the company’s stock, valued at approximately $300,444.48. This represents a 67.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,756 shares of company stock valued at $1,095,637 in the last quarter. Insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ETR. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Royal Bank of Canada raised their price objective on Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $79.81.

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.