Entergy Corporation (NYSE:ETR) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC increased its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 177.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,419 shares of the utilities provider's stock after buying an additional 6,026 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Entergy were worth $721,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ETR. Legacy Investment Solutions LLC bought a new position in Entergy in the 3rd quarter valued at approximately $27,000. NBT Bank N A NY boosted its holdings in shares of Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after buying an additional 170 shares during the last quarter. Fortis Group Advisors LLC lifted 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 valued at $26,000 after buying an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. grew its stake in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. Finally, Sandy Spring Bank boosted its holdings in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on ETR. JPMorgan Chase & Co. boosted their target price on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. BMO Capital Markets lifted their price objective on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Evercore ISI raised their price target on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Barclays boosted their price target on shares of Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and an average target price of $85.61.

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Entergy Price Performance

Shares of NYSE:ETR traded up $1.28 on Wednesday, reaching $80.29. 10,460,948 shares of the company were exchanged, compared to its average volume of 3,681,894. The company has a 50-day moving average of $83.51 and a 200-day moving average of $77.04. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The firm has a market cap of $34.58 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly 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. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the company posted $0.26 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.99%. Entergy's payout ratio is currently 98.77%.

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.