Entergy Corporation (NYSE:ETR) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in Entergy Corporation (NYSE:ETR) by 117.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 499,195 shares of the utilities provider’s stock after purchasing an additional 269,256 shares during the quarter. Natixis Advisors LLC’s holdings in Entergy were worth $37,849,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ETR. Fortis Group Advisors LLC raised its position in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. NBT Bank N A NY raised its position in Entergy by 100.0% in the fourth 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. Legacy Investment Solutions LLC purchased a new position in Entergy in the third quarter valued at about $27,000. Duncker Streett & Co. Inc. raised its position in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the period. Finally, Riverview Trust Co raised its position in Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 182 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of ETR stock opened at $85.00 on Monday. 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 business has a 50 day moving average of $82.07 and a two-hundred day moving average of $74.32. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The company has a market cap of $36.59 billion, a P/E ratio of 34.91, a PEG ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating 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 the consensus estimate of $3.24 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, analysts anticipate that Entergy Corporation will post 3.88 EPS 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 $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.82%. Entergy’s payout ratio is currently 98.77%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ETR shares. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Evercore ISI lifted their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. UBS Group lifted their target price on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. BMO Capital Markets lifted their target price on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Six investment 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 stock. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average target price of $84.11.

Entergy Company 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.