Carnick & Kubik Group LLC bought a new position in shares of Entergy Co. (NYSE:ETR) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 26,600 shares of the utilities provider’s stock, valued at approximately $2,164,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank lifted its stake in shares of Entergy by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 61,023 shares of the utilities provider’s stock valued at $4,684,000 after acquiring an additional 12,390 shares during the last quarter. Northpointe Capital LLC bought a new position in shares of Entergy in the 3rd quarter valued at $2,681,000. Janus Henderson Group PLC lifted its stake in shares of Entergy by 13.2% in the 3rd quarter. Janus Henderson Group PLC now owns 105,648 shares of the utilities provider’s stock valued at $8,067,000 after acquiring an additional 12,285 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Entergy by 190.5% in the 4th quarter. Acadian Asset Management LLC now owns 30,030 shares of the utilities provider’s stock valued at $2,444,000 after acquiring an additional 19,693 shares during the last quarter. Finally, Nine Chapters Capital Management LLC bought a new position in shares of Entergy in the 3rd quarter valued at $756,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

A number of research analysts have recently commented on ETR shares. Mizuho reiterated a “hold” rating and issued a $83.00 price target on shares of Entergy in a research note on Friday, October 27th. Guggenheim reiterated a “buy” rating and issued a $101.00 price target on shares of Entergy in a research note on Wednesday, January 3rd. TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a research note on Friday, October 27th. UBS Group started coverage on Entergy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $82.00 price target for the company. Finally, Bank of America started coverage on Entergy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Entergy has an average rating of “Buy” and an average price target of $83.50.

Entergy Co. (NYSE ETR) opened at $75.05 on Wednesday. The stock has a market capitalization of $13,452.16, a price-to-earnings ratio of 11.04, a P/E/G ratio of 2.09 and a beta of 0.50. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. Entergy Co. has a 12-month low of $69.63 and a 12-month high of $87.95.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.74%. The ex-dividend date is Wednesday, February 7th. Entergy’s dividend payout ratio is currently -72.06%.

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Entergy Company Profile

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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