Entergy Corporation (NYSE:ETR) Position Raised by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. grew its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 61.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,000 shares of the utilities provider's stock after acquiring an additional 62,300 shares during the period. Adams Diversified Equity Fund Inc.'s holdings in Entergy were worth $12,359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Strategic Financial Concepts LLC acquired a new stake in Entergy during the 4th quarter valued at approximately $4,393,000. Flagship Harbor Advisors LLC boosted its stake in shares of Entergy by 74.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock valued at $603,000 after buying an additional 3,393 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Entergy during the third quarter worth approximately $32,541,000. LaFleur & Godfrey LLC bought a new stake in shares of Entergy in the fourth quarter worth $217,000. Finally, Avior Wealth Management LLC raised its holdings in Entergy by 324.3% in the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock valued at $56,000 after acquiring an additional 561 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on ETR shares. KeyCorp lowered shares of Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Scotiabank decreased their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. UBS Group upped their price objective on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Entergy has a consensus rating of "Moderate Buy" and a consensus target price of $84.75.

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Entergy Stock Performance

NYSE ETR traded down $1.09 on Tuesday, hitting $82.92. The stock had a trading volume of 4,658,302 shares, compared to its average volume of 3,337,904. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The company's 50-day moving average is $83.04 and its two-hundred day moving average is $75.32. The stock has a market cap of $35.72 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the business earned $0.26 EPS. On average, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. Entergy's dividend payout ratio is presently 98.77%.

Entergy Company 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.