Entergy Corporation (NYSE:ETR) Position Raised by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 66.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,042,159 shares of the utilities provider’s stock after purchasing an additional 4,418,528 shares during the quarter. Entergy comprises approximately 2.9% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 2nd biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned 2.58% of Entergy worth $837,216,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Strategic Financial Concepts LLC purchased a new position in Entergy in the 4th quarter valued at approximately $4,393,000. Flagship Harbor Advisors LLC grew its position in shares of Entergy by 74.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock valued at $603,000 after purchasing an additional 3,393 shares in the last quarter. LaFleur & Godfrey LLC purchased a new position in shares of Entergy in the fourth quarter valued at $217,000. Avior Wealth Management LLC raised its stake in shares of Entergy by 324.3% during the 4th quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 561 shares during the period. Finally, Braun Stacey Associates Inc. lifted its holdings in Entergy by 88.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider’s stock worth $27,333,000 after purchasing an additional 169,511 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

ETR stock opened at $84.38 on Friday. The firm has a market cap of $36.35 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.34 and a beta of 0.68. The firm’s fifty day moving average is $83.34 and its 200 day moving average is $75.86. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm 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 earned $0.26 earnings per share. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 2.84%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ETR. JPMorgan Chase & Co. increased their price target on shares of 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 target on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Finally, UBS Group boosted their target price on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.75.

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.