Entergy Corporation (NYSE:ETR) Shares Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA increased its position in shares of Entergy Corporation (NYSE:ETR) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,638 shares of the utilities provider’s stock after purchasing an additional 1,470 shares during the period. Union Bancaire Privee UBP SA’s holdings in Entergy were worth $1,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. Bank of America Corp DE lifted its position in Entergy by 142.8% in the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider’s stock valued at $1,334,034,000 after acquiring an additional 10,347,926 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Entergy by 71.4% in the fourth quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider’s stock valued at $976,895,000 after acquiring an additional 5,368,396 shares during the last quarter. FMR LLC lifted its position in Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock valued at $956,273,000 after acquiring an additional 5,998,760 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in 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 valued at $837,216,000 after acquiring an additional 4,418,528 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 1.3%

NYSE ETR opened at $83.22 on Friday. The stock has a market capitalization of $35.85 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.34 and a beta of 0.59. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The firm has a 50-day moving average price of $82.54 and a 200 day moving average price of $81.17. 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 (NYSE:ETR) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.22. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the company posted $0.54 earnings per share. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.88%. Entergy’s payout ratio is currently 77.92%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ETR shares. Barclays boosted their price target on shares of Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. KeyCorp raised shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price target for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Wells Fargo & Company boosted their price target on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Entergy in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $86.04.

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.