Lynx Investment Advisory Buys 5,220 Shares of Entergy Corporation (NYSE:ETR)

Lynx Investment Advisory grew its stake in shares of Entergy Corporation (NYSE:ETR) by 60.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,825 shares of the utilities provider’s stock after buying an additional 5,220 shares during the quarter. Lynx Investment Advisory’s holdings in Entergy were worth $1,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares during the last quarter. State Street Corp grew its stake in shares of Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock worth $1,501,509,000 after purchasing an additional 128,667 shares during the last quarter. FMR LLC grew its stake in shares of Entergy by 5.0% in the third quarter. FMR LLC now owns 6,613,647 shares of the utilities provider’s stock worth $870,422,000 after purchasing an additional 315,750 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after purchasing an additional 1,981,611 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Entergy by 0.8% in the third quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider’s stock worth $651,206,000 after purchasing an additional 37,279 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Price Performance

Shares of NYSE ETR opened at $83.74 on Monday. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The firm has a market cap of $36.07 billion, a P/E ratio of 34.39, a PEG ratio of 2.34 and a beta of 0.68. The company has a 50 day moving average of $82.90 and a 200 day moving average of $75.16. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the business earned $0.26 EPS. As a group, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.87%. Entergy’s payout ratio is currently 98.77%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ETR. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Morgan Stanley raised their price objective on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, BMO Capital Markets raised their price objective on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Six equities research 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 stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $84.75.

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.