Entergy Co. (ETR) Position Decreased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in Entergy Co. (NYSE:ETR) by 5.8% in the 4th quarter, HoldingsChannel reports. The firm owned 3,061,147 shares of the utilities provider’s stock after selling 187,664 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Entergy were worth $249,146,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can increased its stake in Entergy by 39.5% during the 4th quarter. Bank of Montreal Can now owns 2,001,135 shares of the utilities provider’s stock worth $162,873,000 after buying an additional 567,130 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Entergy by 12,733.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 380,643 shares of the utilities provider’s stock worth $30,981,000 after buying an additional 377,677 shares in the last quarter. Principal Financial Group Inc. increased its stake in Entergy by 27.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,152,906 shares of the utilities provider’s stock worth $88,036,000 after buying an additional 250,267 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Entergy by 283.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 326,226 shares of the utilities provider’s stock worth $25,015,000 after buying an additional 241,100 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Entergy by 91.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 466,458 shares of the utilities provider’s stock worth $35,619,000 after buying an additional 222,500 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Shares of Entergy Co. (ETR) opened at $76.72 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58. The stock has a market capitalization of $13,754.98, a P/E ratio of -15.53, a PEG ratio of 2.14 and a beta of 0.50. Entergy Co. has a 52-week low of $70.76 and a 52-week high of $87.95.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be given a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.64%. Entergy’s dividend payout ratio (DPR) is presently -72.06%.

Several research firms have commented on ETR. TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Mizuho reiterated a “hold” rating and set a $83.00 price objective on shares of Entergy in a research note on Friday, October 27th. Wells Fargo & Co reiterated an “outperform” rating and set a $96.00 price objective (up from $90.00) on shares of Entergy in a research note on Wednesday, October 25th. Bank of America began coverage on Entergy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.50.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2018/02/18/entergy-co-etr-position-decreased-by-barrow-hanley-mewhinney-strauss-llc.html.

Entergy 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.

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Co. (NYSE:ETR).

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply