Natixis Has $171,000 Stock Position in Entergy Corporation (NYSE:ETR)

Natixis lessened its stake in shares of Entergy Corporation (NYSE:ETR) by 45.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,256 shares of the utilities provider’s stock after selling 1,909 shares during the period. Natixis’ holdings in Entergy were worth $171,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Entergy by 101.9% in the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock valued at $3,952,773,000 after buying an additional 26,312,267 shares during the last quarter. FMR LLC lifted its stake in Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock valued at $956,273,000 after acquiring an additional 5,998,760 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Entergy by 106.2% in the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock valued at $774,103,000 after acquiring an additional 5,271,559 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Entergy by 66.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider’s stock worth $837,216,000 after purchasing an additional 4,418,528 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Entergy by 76.3% in the 4th quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider’s stock valued at $764,238,000 after purchasing an additional 4,360,772 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 0.9 %

Shares of NYSE ETR opened at $85.03 on Friday. The stock has a market capitalization of $36.63 billion, a P/E ratio of 34.92, a PEG ratio of 2.34 and a beta of 0.56. The stock’s fifty day moving average is $83.57 and its 200 day moving average is $78.25. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period last year, the firm earned $0.26 EPS. Sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy’s dividend payout ratio is presently 98.77%.

Wall Street Analyst Weigh In

ETR has been the topic of several research analyst reports. Scotiabank dropped their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. UBS Group increased their price target on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Morgan Stanley raised their target price on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Six 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.25.

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.