Intact Investment Management Inc. Makes New Investment in Entergy Corporation (NYSE:ETR)

Intact Investment Management Inc. purchased a new position in shares of Entergy Corporation (NYSE:ETR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,300 shares of the utilities provider’s stock, valued at approximately $99,000.

A number of other institutional investors have also recently bought and sold shares of the business. Sigma Planning Corp grew its position in shares of Entergy by 4.7% in the third quarter. Sigma Planning Corp now owns 3,182 shares of the utilities provider’s stock valued at $419,000 after purchasing an additional 143 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of Entergy by 196.7% in the third quarter. GSA Capital Partners LLP now owns 7,914 shares of the utilities provider’s stock valued at $1,042,000 after purchasing an additional 5,247 shares during the last quarter. Aptus Capital Advisors LLC grew its position in shares of Entergy by 3.2% in the third quarter. Aptus Capital Advisors LLC now owns 3,727 shares of the utilities provider’s stock valued at $491,000 after purchasing an additional 116 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Entergy by 21.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 2,971 shares of the utilities provider’s stock valued at $391,000 after purchasing an additional 528 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Entergy by 14.8% in the third quarter. Oppenheimer & Co. Inc. now owns 7,957 shares of the utilities provider’s stock valued at $1,047,000 after purchasing an additional 1,023 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

ETR has been the topic of several research reports. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. UBS Group increased their price target on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their price target on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.11.

Entergy Stock Up 2.6 %

NYSE ETR opened at $85.00 on Friday. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The stock has a market capitalization of $36.59 billion, a PE ratio of 34.91, a PEG ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The business has a fifty day moving average price of $82.07 and a two-hundred day moving average price of $74.21.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the company earned $0.26 EPS. Equities analysts expect 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. Stockholders of record on Monday, February 10th were paid 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 was Monday, February 10th. Entergy’s payout ratio is 98.77%.

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.