Entergy Corporation (NYSE:ETR) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group lifted its stake in Entergy Corporation (NYSE:ETR) by 231.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,505 shares of the utilities provider’s stock after buying an additional 239,017 shares during the period. Schroder Investment Management Group’s holdings in Entergy were worth $25,945,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ETR. Vanguard Group Inc. lifted its position in shares of Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. State Street Corp grew its stake in shares of Entergy by 1.1% during the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock valued at $1,501,509,000 after acquiring an additional 128,667 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Entergy by 105.1% in the fourth quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider’s stock worth $558,279,000 after acquiring an additional 3,773,492 shares in the last quarter. Franklin Resources Inc. grew its stake in Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after purchasing an additional 1,981,611 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Entergy by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider’s stock valued at $651,206,000 after purchasing an additional 37,279 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ETR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Scotiabank decreased their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley raised their price objective on Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, BMO Capital Markets increased their target price on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $84.75.

Entergy Stock Performance

ETR opened at $86.67 on Thursday. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The stock has a market cap of $37.34 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. The business’s 50 day moving average is $83.53 and its 200-day moving average is $76.36. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.77%. Entergy’s payout ratio is 98.77%.

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.