1,338 Shares in Entergy Corporation (NYSE:ETR) Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P bought a new stake in Entergy Corporation (NYSE:ETR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,338 shares of the utilities provider’s stock, valued at approximately $101,000.

Other large investors also recently modified their holdings of the company. Delta Asset Management LLC TN lifted its holdings in shares of Entergy by 87.3% during the 4th quarter. Delta Asset Management LLC TN now owns 1,006 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 469 shares in the last quarter. Howe & Rusling Inc. lifted its stake in Entergy by 99.8% in the fourth quarter. Howe & Rusling Inc. now owns 6,060 shares of the utilities provider’s stock valued at $459,000 after buying an additional 3,027 shares in the last quarter. NEOS Investment Management LLC boosted its holdings in shares of Entergy by 158.8% in the fourth quarter. NEOS Investment Management LLC now owns 21,864 shares of the utilities provider’s stock valued at $1,658,000 after buying an additional 13,417 shares during the period. UniSuper Management Pty Ltd increased its position in shares of Entergy by 101.6% during the fourth quarter. UniSuper Management Pty Ltd now owns 779,183 shares of the utilities provider’s stock worth $59,078,000 after acquiring an additional 392,601 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Entergy by 105.1% during 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 during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

NYSE ETR opened at $84.38 on Monday. The firm has a market capitalization of $36.35 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average price is $83.34 and its two-hundred day moving average price is $75.96. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the firm earned $0.26 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.84%. Entergy’s dividend payout ratio is currently 98.77%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ETR. BMO Capital Markets upped their target price on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Scotiabank reduced their price objective 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. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Evercore ISI upped their price target on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.75.

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.