Rockefeller Capital Management L.P. Raises Position in Entergy Corporation (NYSE:ETR)

Rockefeller Capital Management L.P. raised its position in shares of Entergy Corporation (NYSE:ETR) by 104.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 266,383 shares of the utilities provider’s stock after acquiring an additional 136,062 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Entergy were worth $20,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Entergy by 101.9% during the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after acquiring an additional 26,312,267 shares during the period. FMR LLC boosted its position in Entergy by 90.7% during the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock worth $956,273,000 after purchasing an additional 5,998,760 shares during the period. Geode Capital Management LLC boosted its position in Entergy by 106.2% during the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock worth $774,103,000 after purchasing an additional 5,271,559 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Entergy by 66.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider’s stock worth $837,216,000 after purchasing an additional 4,418,528 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Entergy by 76.3% in the fourth quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider’s stock valued at $764,238,000 after purchasing an additional 4,360,772 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ETR has been the subject of a number of recent research reports. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Barclays raised their target price on Entergy from $79.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. BMO Capital Markets reduced their target price on Entergy from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Friday. Finally, Morgan Stanley raised their price objective on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.25.

Entergy Stock Up 1.0 %

ETR opened at $82.56 on Tuesday. 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 business’s fifty day simple moving average is $83.48 and its 200 day simple moving average is $77.47. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The stock has a market cap of $35.56 billion, a PE ratio of 33.91, a P/E/G ratio of 2.34 and a beta of 0.56.

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, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion for 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 period last year, the firm posted $0.26 EPS. As a group, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.91%. Entergy’s dividend payout ratio (DPR) 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.