Intech Investment Management LLC Sells 4,351 Shares of Entergy Corporation (NYSE:ETR)

Intech Investment Management LLC lowered its position in Entergy Corporation (NYSE:ETR) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,728 shares of the utilities provider’s stock after selling 4,351 shares during the period. Intech Investment Management LLC’s holdings in Entergy were worth $2,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Franklin Resources Inc. raised its holdings 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 buying an additional 1,981,611 shares during the period. Jennison Associates LLC raised its holdings in shares of Entergy by 139.5% in the fourth quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock worth $183,754,000 after buying an additional 1,411,473 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Entergy by 105.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,748,828 shares of the utilities provider’s stock worth $208,416,000 after buying an additional 1,408,476 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Entergy by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after buying an additional 1,354,355 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Entergy in the fourth quarter worth approximately $101,133,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 0.0 %

Entergy stock opened at $84.62 on Friday. 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 stock has a market capitalization of $36.42 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The business has a fifty day moving average price of $82.75 and a 200-day moving average price of $74.80.

Entergy (NYSE:ETR) last posted 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. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter last year, the firm earned $0.26 EPS. Equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given 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 dividend yield of 2.84%. Entergy’s payout ratio is 98.77%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ETR shares. Scotiabank reduced their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Morgan Stanley raised their price objective on Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.32.

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.