Siemens Fonds Invest GmbH Invests $1.05 Million in Entergy Corporation (NYSE:ETR)

Siemens Fonds Invest GmbH acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,870 shares of the utilities provider’s stock, valued at approximately $1,052,000.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after purchasing an additional 1,354,355 shares during the period. Wedmont Private Capital acquired a new stake in Entergy during the fourth quarter worth approximately $324,000. AdvisorNet Financial Inc grew its stake in Entergy by 91.4% during the fourth quarter. AdvisorNet Financial Inc now owns 1,516 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 724 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in Entergy by 132.9% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,676 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 3,239 shares during the period. Finally, Park Avenue Securities LLC grew its stake in Entergy by 119.9% during the fourth quarter. Park Avenue Securities LLC now owns 45,424 shares of the utilities provider’s stock worth $3,444,000 after purchasing an additional 24,771 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI raised their price objective on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. BMO Capital Markets raised their price objective on Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. KeyCorp raised Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective for the company in a research note on Wednesday. Finally, UBS Group raised their price objective on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.04.

Entergy Stock Performance

Shares of ETR opened at $83.10 on Friday. The firm has a market cap of $35.80 billion, a PE ratio of 34.13, a PEG ratio of 2.34 and a beta of 0.62. The stock’s fifty day moving average price is $83.03 and its two-hundred day moving average price is $80.05. 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 $52.07 and a 1 year high of $88.38.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the company posted $0.54 earnings per share. On average, equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company 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 $0.60 dividend. The ex-dividend date is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.89%. Entergy’s payout ratio is presently 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.