Advisory Services Network LLC Has $2.20 Million Stake in Entergy Corporation (NYSE:ETR)

Advisory Services Network LLC boosted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 266.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,040 shares of the utilities provider's stock after purchasing an additional 21,106 shares during the period. Advisory Services Network LLC's holdings in Entergy were worth $2,202,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ETR. Fortis Group Advisors LLC lifted its stake in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. NBT Bank N A NY raised its stake 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 valued at $26,000 after buying an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. raised its position in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares in the last quarter. Sandy Spring Bank lifted its position in shares of Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the period. Finally, Riverview Trust Co raised its stake in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ETR shares. StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Scotiabank dropped their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Evercore ISI lifted their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company increased their target price on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.25.

Entergy Stock Up 1.0 %

Shares of NYSE ETR traded up $0.79 during midday trading on Tuesday, reaching $83.37. The company's stock had a trading volume of 2,993,996 shares, compared to its average volume of 3,697,866. The stock has a 50 day simple moving average of $83.48 and a 200-day simple moving average of $77.47. 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 stock has a market capitalization of $35.91 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 2.34 and a beta of 0.56. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, May 2nd. Entergy's payout ratio is presently 98.77%.

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.