Brown Brothers Harriman & Co. Purchases 7,219 Shares of Entergy Corporation (NYSE:ETR)

Brown Brothers Harriman & Co. increased its position in Entergy Corporation (NYSE:ETR - Free Report) by 99.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,452 shares of the utilities provider's stock after acquiring an additional 7,219 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in Entergy were worth $1,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in shares of Entergy in the fourth quarter valued at approximately $4,393,000. Flagship Harbor Advisors LLC grew its stake in Entergy by 74.3% in 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 in the last quarter. LaFleur & Godfrey LLC bought a new stake in Entergy during the 4th quarter valued at $217,000. Avior Wealth Management LLC lifted its position in shares of Entergy by 324.3% during the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock worth $56,000 after acquiring an additional 561 shares in the last quarter. Finally, Braun Stacey Associates Inc. boosted its holdings in shares of Entergy by 88.8% in the fourth quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider's stock worth $27,333,000 after acquiring an additional 169,511 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Down 1.0 %

Shares of ETR traded down $0.90 during mid-day trading on Thursday, reaching $85.71. The company's stock had a trading volume of 3,069,600 shares, compared to its average volume of 3,600,969. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The company's fifty day moving average price is $83.53 and its two-hundred day moving average price is $76.36. The stock has a market cap of $36.92 billion, a PE ratio of 35.28, a P/E/G ratio of 2.34 and a beta of 0.56.

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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 for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. On average, analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.80%. Entergy's payout ratio is currently 98.77%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ETR. Wells Fargo & Company boosted their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Morgan Stanley increased their price target on shares of Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, Evercore ISI boosted their price target on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Entergy has an average rating of "Moderate Buy" and an average target price of $84.75.

Entergy 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.