Commonwealth Equity Services LLC Buys 49,831 Shares of Entergy Corporation (NYSE:ETR)

Commonwealth Equity Services LLC increased its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 103.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,960 shares of the utilities provider's stock after purchasing an additional 49,831 shares during the period. Commonwealth Equity Services LLC's holdings in Entergy were worth $7,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ETR. Legacy Investment Solutions LLC bought a new position in Entergy during the 3rd quarter worth $27,000. NBT Bank N A NY lifted its holdings in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares during the period. Fortis Group Advisors LLC boosted its position in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. increased its stake in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares during the last quarter. Finally, Riverview Trust Co raised its position in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 182 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

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Entergy Stock Up 0.2 %

ETR stock traded up $0.16 during trading on Monday, reaching $84.04. 4,836,641 shares of the stock were exchanged, compared to its average volume of 3,338,679. 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 twelve month low of $50.19 and a twelve month high of $88.38. The firm's 50 day moving average is $82.90 and its 200 day moving average is $75.16. The firm has a market cap of $36.20 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio is currently 98.77%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Wells Fargo & Company upped their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. BMO Capital Markets boosted their price target on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Scotiabank lowered their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 7th. Finally, UBS Group increased their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.75.

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.