19,383 Shares in Entergy Corporation $ETR Bought by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new position in Entergy Corporation (NYSE:ETR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,383 shares of the utilities provider’s stock, valued at approximately $1,611,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Entergy by 5.2% in the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock valued at $4,687,331,000 after acquiring an additional 2,695,348 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Entergy by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider’s stock valued at $1,126,244,000 after acquiring an additional 289,468 shares during the last quarter. Northern Trust Corp increased its stake in Entergy by 3.4% in the first quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider’s stock valued at $370,488,000 after acquiring an additional 143,187 shares during the last quarter. TD Asset Management Inc increased its stake in Entergy by 12.6% in the second quarter. TD Asset Management Inc now owns 3,442,042 shares of the utilities provider’s stock valued at $286,103,000 after acquiring an additional 386,344 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Entergy by 15.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,466 shares of the utilities provider’s stock valued at $284,380,000 after acquiring an additional 454,059 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.9%

Shares of NYSE:ETR opened at $96.92 on Tuesday. The stock’s 50-day moving average price is $92.47 and its 200-day moving average price is $87.33. Entergy Corporation has a 12-month low of $70.21 and a 12-month high of $98.58. The stock has a market capitalization of $43.26 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The firm had revenue of $2.37 billion for the quarter. On average, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 annualized dividend and a dividend yield of 2.6%. Entergy’s payout ratio is 59.26%.

Analysts Set New Price Targets

A number of research analysts recently commented on ETR shares. Bank of America increased their target price on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Morgan Stanley set a $93.00 target price on Entergy and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Scotiabank set a $105.00 target price on Entergy and gave the company an “outperform” rating in a research note on Friday, October 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $104.00 target price (up previously from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company raised Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $102.37.

Entergy Profile

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.