Atlas Capital Advisors Inc. Buys 3,040 Shares of Entergy Corporation (NYSE:ETR)

Atlas Capital Advisors Inc. grew its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 54.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,657 shares of the utilities provider's stock after purchasing an additional 3,040 shares during the period. Atlas Capital Advisors Inc.'s holdings in Entergy were worth $656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ETR. Huber Capital Management LLC boosted its position in Entergy by 38.3% during the fourth quarter. Huber Capital Management LLC now owns 30,316 shares of the utilities provider's stock valued at $2,299,000 after buying an additional 8,391 shares during the period. Magellan Asset Management Ltd grew its position in Entergy by 64.8% during the 4th quarter. Magellan Asset Management Ltd now owns 299,505 shares of the utilities provider's stock worth $22,708,000 after acquiring an additional 117,809 shares during the last quarter. Pitcairn Co. purchased a new position in Entergy in the 4th quarter worth approximately $223,000. World Investment Advisors bought a new stake in Entergy in the fourth quarter valued at approximately $457,000. Finally, Westpac Banking Corp boosted its stake in shares of Entergy by 100.0% during the fourth quarter. Westpac Banking Corp now owns 19,148 shares of the utilities provider's stock valued at $1,452,000 after purchasing an additional 9,574 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Down 3.2 %

ETR stock traded down $2.53 on Wednesday, reaching $76.48. 1,796,370 shares of the company traded hands, compared to its average volume of 3,645,108. The firm has a fifty day simple moving average of $83.55 and a 200-day simple moving average of $76.91. The company has a market cap of $32.95 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

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Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. Research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Friday, May 2nd. Entergy's payout ratio is 98.77%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ETR shares. StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research note on Thursday, January 30th. Wells Fargo & Company upped their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley boosted their target price on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Entergy has an average rating of "Moderate Buy" and a consensus price target of $85.61.

About Entergy

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.