Twin Tree Management LP Has $475,000 Stake in Entergy Corporation (NYSE:ETR)

Twin Tree Management LP lowered its position in shares of Entergy Corporation (NYSE:ETR) by 21.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,263 shares of the utilities provider’s stock after selling 1,737 shares during the quarter. Twin Tree Management LP’s holdings in Entergy were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Signature Wealth Management Group grew its stake in Entergy by 83.3% in the 4th quarter. Signature Wealth Management Group now owns 66,845 shares of the utilities provider’s stock valued at $5,068,000 after buying an additional 30,376 shares in the last quarter. Glenview Trust co raised its stake in shares of Entergy by 98.5% during the fourth quarter. Glenview Trust co now owns 4,288 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 2,128 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Entergy by 126.1% during the fourth quarter. Harbour Investments Inc. now owns 2,098 shares of the utilities provider’s stock valued at $159,000 after acquiring an additional 1,170 shares during the last quarter. Corient Private Wealth LLC raised its stake in Entergy by 111.2% in the fourth quarter. Corient Private Wealth LLC now owns 148,790 shares of the utilities provider’s stock worth $11,281,000 after buying an additional 78,348 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Entergy by 60.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 47,325 shares of the utilities provider’s stock worth $3,588,000 after buying an additional 17,794 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. JPMorgan Chase & Co. increased their price target on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Scotiabank cut their price target on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.11.

Entergy Stock Performance

ETR opened at $83.46 on Wednesday. The firm’s fifty day simple moving average is $82.43 and its two-hundred day simple moving average is $74.66. 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 company has a market cap of $35.92 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the business earned $0.26 earnings per share. Equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.88%. Entergy’s dividend payout ratio is currently 98.77%.

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.