Quantinno Capital Management LP Boosts Holdings in Entergy Corporation (NYSE:ETR)

Quantinno Capital Management LP increased its position in Entergy Corporation (NYSE:ETR) by 141.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,279 shares of the utilities provider’s stock after purchasing an additional 44,741 shares during the quarter. Quantinno Capital Management LP’s holdings in Entergy were worth $5,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mufg Securities Americas Inc. purchased a new position in Entergy in the 4th quarter valued at about $480,000. Man Group plc boosted its holdings in Entergy by 23.2% in the fourth quarter. Man Group plc now owns 88,234 shares of the utilities provider’s stock valued at $6,690,000 after purchasing an additional 16,594 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Entergy by 100.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 54,576 shares of the utilities provider’s stock valued at $4,135,000 after purchasing an additional 27,413 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Entergy during the fourth quarter worth approximately $1,071,000. Finally, NorthRock Partners LLC bought a new stake in shares of Entergy in the fourth quarter worth $234,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ETR has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Morgan Stanley reissued an “overweight” rating on shares of Entergy in a report on Wednesday, April 23rd. KeyCorp upgraded Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 target price for the company in a research report on Wednesday. Barclays upped their price target on Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets lifted their price objective on shares of Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Four research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.04.

Entergy Trading Up 1.6%

Shares of NYSE:ETR opened at $83.10 on Friday. 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 $83.03 and its 200 day moving average price is $80.14. The company has a market cap of $35.80 billion, a PE ratio of 34.13, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.60 by $0.22. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the business earned $0.54 earnings per share. Sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.89%. The ex-dividend date is Friday, May 2nd. Entergy’s payout ratio is currently 77.92%.

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.