Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Entergy Co. (NYSE:ETR) by 200.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,427 shares of the utilities provider’s stock after purchasing an additional 87,031 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Entergy were worth $10,615,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ETR. Thrivent Financial For Lutherans increased its position in Entergy by 2.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,790 shares of the utilities provider’s stock valued at $521,000 after purchasing an additional 190 shares during the period. Dimensional Fund Advisors LP increased its position in Entergy by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 410,942 shares of the utilities provider’s stock valued at $31,549,000 after purchasing an additional 4,479 shares during the period. Zurich Insurance Group Ltd FI increased its position in Entergy by 12.0% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 24,437 shares of the utilities provider’s stock valued at $1,876,000 after purchasing an additional 2,627 shares during the period. Janus Henderson Group PLC increased its position in Entergy by 346.0% during the 2nd quarter. Janus Henderson Group PLC now owns 93,363 shares of the utilities provider’s stock valued at $7,168,000 after purchasing an additional 72,431 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in Entergy by 269.4% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 267,877 shares of the utilities provider’s stock valued at $20,563,000 after purchasing an additional 195,353 shares during the period. 83.15% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO Paul D. Hinnenkamp sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $86.22, for a total value of $344,880.00. Following the sale, the chief operating officer now directly owns 16,925 shares of the company’s stock, valued at approximately $1,459,273.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $86.24, for a total transaction of $796,340.16. The disclosure for this sale can be found here. Insiders sold a total of 19,234 shares of company stock worth $1,656,230 over the last ninety days. Insiders own 0.24% of the company’s stock.

ETR has been the topic of a number of research analyst reports. Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Tuesday, December 12th. Citigroup raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Friday, October 13th. TheStreet downgraded shares of Entergy from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. Mizuho reissued a “hold” rating and set a $83.00 price objective on shares of Entergy in a research report on Friday, October 27th. Finally, Morgan Stanley boosted their price objective on shares of Entergy from $86.00 to $88.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Entergy has an average rating of “Buy” and a consensus price target of $84.36.

Shares of Entergy Co. (ETR) opened at $75.98 on Friday. The firm has a market cap of $13,695.47, a PE ratio of 11.24, a PEG ratio of 2.13 and a beta of 0.50. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58. Entergy Co. has a 1 year low of $69.63 and a 1 year high of $87.95.

The firm also recently announced 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. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Wednesday, February 7th. Entergy’s dividend payout ratio is presently -72.06%.

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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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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