Two Sigma Investments LP Acquires 701,528 Shares of Entergy Corporation (NYSE:ETR)

Two Sigma Investments LP lifted its stake in Entergy Corporation (NYSE:ETR) by 220.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,020,445 shares of the utilities provider’s stock after purchasing an additional 701,528 shares during the quarter. Two Sigma Investments LP’s holdings in Entergy were worth $77,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fortis Group Advisors LLC boosted its holdings in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. NBT Bank N A NY increased its holdings in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. raised its position in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Sandy Spring Bank boosted its stake in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Riverview Trust Co boosted its stake in Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ETR. Barclays raised their price objective on shares of Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Evercore ISI raised their price target on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. BMO Capital Markets boosted their price objective on shares of Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price objective on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, UBS Group lifted their target price on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.04.

Entergy Stock Performance

ETR stock opened at $82.95 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38. The company has a market cap of $35.73 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The stock’s fifty day moving average price is $83.04 and its 200-day moving average price is $80.23.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 2.89%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy’s payout ratio is 77.92%.

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.