iA Global Asset Management Inc. Purchases 80,698 Shares of Entergy Corporation (NYSE:ETR)

iA Global Asset Management Inc. raised its position in shares of Entergy Corporation (NYSE:ETR) by 910.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,563 shares of the utilities provider’s stock after purchasing an additional 80,698 shares during the quarter. iA Global Asset Management Inc.’s holdings in Entergy were worth $6,791,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ETR. Fortis Group Advisors LLC boosted its holdings in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. NBT Bank N A NY boosted its holdings in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy during the 3rd quarter valued at about $27,000. Duncker Streett & Co. Inc. boosted 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 valued at $27,000 after acquiring an additional 179 shares during the last quarter. Finally, Sandy Spring Bank boosted its holdings in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of research reports. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Wells Fargo & Company raised their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a research note on Thursday, January 30th. Finally, Scotiabank decreased their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $84.32.

Entergy Trading Down 0.0 %

Entergy stock opened at $84.62 on Friday. The stock has a market cap of $36.42 billion, a P/E ratio of 34.75, a PEG ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The firm’s 50 day moving average price is $82.75 and its 200-day moving average price is $74.80.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, equities analysts predict that Entergy Corporation will post 3.88 earnings per share 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 given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio is presently 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.