Blair William & Co. IL Increases Stock Position in Entergy Corporation (NYSE:ETR)

Blair William & Co. IL grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 137.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,297 shares of the utilities provider's stock after acquiring an additional 12,315 shares during the quarter. Blair William & Co. IL's holdings in Entergy were worth $1,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of Entergy in the third quarter worth $27,000. NBT Bank N A NY increased its stake in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Fortis Group Advisors LLC raised its position in Entergy by 100.0% during the fourth 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 in the last quarter. Duncker Streett & Co. Inc. raised its position in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Sandy Spring Bank lifted its stake in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Evercore ISI upped 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. Morgan Stanley raised their target price on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research report on Thursday, January 30th. Finally, StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.75.

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Entergy Stock Performance

Shares of NYSE ETR traded down $6.04 during midday trading on Friday, reaching $79.02. The company's stock had a trading volume of 7,635,243 shares, compared to its average volume of 3,632,198. The firm has a 50 day moving average price of $83.52 and a 200-day moving average price of $76.69. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The stock has a market capitalization of $34.04 billion, a P/E ratio of 32.45, a PEG ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS 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 analysts' expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the business posted $0.26 EPS. As a group, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 3.04%. Entergy's payout ratio is 98.77%.

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.