Entergy Corporation (NYSE:ETR) Shares Sold by Twin Tree Management LP

Twin Tree Management LP decreased its position in Entergy Corporation (NYSE:ETR) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,263 shares of the utilities provider’s stock after selling 1,737 shares during the period. Twin Tree Management LP’s holdings in Entergy were worth $475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ETR. OneDigital Investment Advisors LLC lifted its holdings in shares of Entergy by 2.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 69 shares in the last quarter. Acropolis Investment Management LLC increased its position in Entergy by 0.8% during the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after purchasing an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in Entergy by 0.9% during the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after purchasing an additional 74 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Entergy by 1.3% during the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock worth $952,000 after purchasing an additional 91 shares during the last quarter. Finally, Hall Laurie J Trustee grew its stake in Entergy by 50.0% during the fourth quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider’s stock worth $34,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Wells Fargo & Company increased their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Evercore ISI increased their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.11.

Entergy Stock Down 2.3 %

Shares of Entergy stock opened at $83.46 on Wednesday. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a market cap of $35.92 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The business has a fifty day simple moving average of $82.43 and a 200 day simple moving average of $74.66.

Entergy (NYSE:ETR) last issued 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. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the company posted $0.26 earnings per share. Research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.88%. Entergy’s dividend 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.