Generali Asset Management SPA SGR Buys New Stake in Entergy Corporation (NYSE:ETR)

Generali Asset Management SPA SGR bought a new stake in Entergy Corporation (NYSE:ETR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,586 shares of the utilities provider’s stock, valued at approximately $1,106,000.

Several other large investors have also recently bought and sold shares of ETR. Fortis Group Advisors LLC increased its holdings in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. NBT Bank N A NY increased its holdings in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in Entergy in the third quarter valued at $27,000. Duncker Streett & Co. Inc. increased its holdings in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares during the last quarter. Finally, Riverview Trust Co increased its holdings in Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock valued at $28,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ETR shares. UBS Group increased their target price on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. 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. 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. Finally, Wells Fargo & Company raised their price objective on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus target price of $84.32.

Entergy Stock Down 0.0 %

Shares of NYSE:ETR opened at $84.62 on Friday. The company has a market cap of $36.42 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 2.34 and a beta of 0.68. The firm’s 50-day simple moving average is $82.75 and its 200-day simple moving average is $74.80. 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 Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the previous year, the firm earned $0.26 earnings per share. As a group, equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Monday, February 10th. Entergy’s payout ratio is 98.77%.

Entergy 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.