Kaizen Financial Strategies Has $372,000 Stock Holdings in Entergy Corporation (NYSE:ETR)

Kaizen Financial Strategies grew its position in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,900 shares of the utilities provider’s stock after acquiring an additional 2,450 shares during the quarter. Kaizen Financial Strategies’ holdings in Entergy were worth $372,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock valued at $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider’s stock valued at $1,334,034,000 after acquiring an additional 10,347,926 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Entergy by 71.4% in the fourth quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider’s stock valued at $976,895,000 after acquiring an additional 5,368,396 shares during the last quarter. FMR LLC raised its holdings in Entergy by 90.7% during the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock worth $956,273,000 after acquiring an additional 5,998,760 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Entergy by 66.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider’s stock valued at $837,216,000 after purchasing an additional 4,418,528 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ETR. Evercore ISI boosted 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. Morgan Stanley reaffirmed an “overweight” rating on shares of Entergy in a research report on Wednesday, April 23rd. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. Barclays upped their target price on shares of Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, BMO Capital Markets lifted their price target on Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.75.

Entergy Stock Down 0.5 %

ETR stock opened at $82.86 on Friday. The business’s fifty day moving average price is $83.07 and its two-hundred day moving average price is $79.66. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 2.34 and a beta of 0.62. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. 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 (NYSE:ETR) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company earned $0.54 EPS. On average, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%. Entergy’s dividend payout ratio (DPR) is presently 77.92%.

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.