Amundi Purchases 402,744 Shares of Entergy Corporation (NYSE:ETR)

Amundi increased its position in Entergy Corporation (NYSE:ETR) by 200.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 604,048 shares of the utilities provider’s stock after acquiring an additional 402,744 shares during the quarter. Amundi’s holdings in Entergy were worth $46,270,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fortis Group Advisors LLC raised its holdings in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 172 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of Entergy during the 3rd quarter worth about $27,000. Duncker Streett & Co. Inc. increased its holdings in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the period. Riverview Trust Co increased its holdings in shares of Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 182 shares during the period. Finally, IFS Advisors LLC bought a new position in shares of Entergy during the 4th quarter worth about $30,000. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is currently owned by insiders.

Entergy Price Performance

NYSE:ETR opened at $82.70 on Thursday. The firm has a market cap of $35.59 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. 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 company’s 50-day moving average price is $81.76 and its two-hundred day moving average price is $73.87.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the business earned $0.26 earnings per share. On average, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio (DPR) is 98.77%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ETR shares. Evercore ISI boosted their price objective 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. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Wells Fargo & Company boosted their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. UBS Group boosted their price objective on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.11.

About Entergy

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.