Intech Investment Management LLC Decreases Stake in Entergy Corporation

Intech Investment Management LLC has reduced its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 13.2% during the fourth quarter. According to their latest report to the Securities and Exchange Commission (SEC), the fund now owns 28,728 shares of Entergy's stock after selling off 4,351 shares during the reporting period. The value of Intech Investment Management LLC's holdings in Entergy stood at $2,178,000 based on their most recent SEC filing.

Investment Moves by Other Large Investors

In addition to Intech Investment Management, several other prominent investors have also adjusted their positions in Entergy Corporation. Franklin Resources Inc. boosted its stake in the company by 53.0% in the third quarter, acquiring an additional 1,981,611 shares, bringing its total to 5,718,859 shares worth $754,318,000. Jennison Associates LLC increased its holdings by an impressive 139.5% in the fourth quarter, owning 2,423,556 shares valued at $183,754,000 after purchasing another 1,411,473 shares. Charles Schwab Investment Management Inc. also enhanced its interest by 105.1%, now holding 2,748,828 shares worth $208,416,000 following the acquisition of 1,408,476 shares during the same quarter. Furthermore, JPMorgan Chase & Co. increased its stake in Entergy by 60.6% in the third quarter, bringing their total to 3,589,727 shares valued at $472,444,000. In the fourth quarter, Raymond James Financial Inc. entered the scene by acquiring a new stake in Entergy worth approximately $101,133,000. Currently, institutional investors hold a significant portion of Entergy's stock, totaling 88.07% of the company's shares.

Overview of Entergy Stock Performance

On Friday, Entergy's stock opened at $84.62. The company has a debt-to-equity ratio of 1.81, with a current ratio standing at 0.72 and a quick ratio of 0.59. Entergy boasts a market capitalization of $36.42 billion, a price-to-earnings ratio of 34.75, and a PEG ratio of 2.34. The stock has fluctuated between a 1-year low of $50.19 and a high of $88.38. Currently, its fifty-day moving average price is $82.75, while the 200-day moving average price is $74.80.

Recent Earnings Report

Entergy Corporation recently published its quarterly earnings on February 18th. The results indicated earnings per share (EPS) of $0.66, surpassing analysts' expectations of $0.63 by $0.03. However, the firm reported a revenue of $2.74 billion, which fell short of analyst expectations that were around $3.24 billion. In terms of return on equity, Entergy achieved a rate of 10.68%, coupled with a net margin of 8.90%. This time last year, the company reported an EPS of just $0.26. Analysts predict that Entergy Corporation is set to deliver an EPS of 3.88 for the current fiscal year.

Dividend Announcement

The company has also recently announced a quarterly dividend, which was dispersed on March 3rd. Stockholders who were on record as of February 10th received a dividend of $0.60. The ex-dividend date for this distribution was February 10th as well. This translates into an annualized dividend of $2.40, offering a yield of 2.84%. Notably, Entergy has a payout ratio of 98.77%.

Recent Analyst Ratings

Several analysts have recently shared their perspectives on Entergy shares. Scotiabank adjusted their price target from $165.00 to $82.00 while assigning a “sector perform” rating to the stock. KeyCorp lowered their rating from