HBK Sorce Advisory LLC Purchases 3,630 Shares of Entergy Corporation (NYSE:ETR)

HBK Sorce Advisory LLC increased its position in Entergy Corporation (NYSE:ETR - Free Report) by 89.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,695 shares of the utilities provider's stock after purchasing an additional 3,630 shares during the quarter. HBK Sorce Advisory LLC's holdings in Entergy were worth $583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ETR. Fortis Group Advisors LLC boosted its position in 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 acquiring an additional 172 shares in the last quarter. NBT Bank N A NY boosted its position in Entergy by 100.0% during the 4th 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 in the last quarter. Legacy Investment Solutions LLC bought a new stake in Entergy during the 3rd quarter valued at $27,000. Duncker Streett & Co. Inc. boosted its position in Entergy by 100.0% during the 4th 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 in the last quarter. Finally, Riverview Trust Co boosted its position in Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

Shares of ETR stock opened at $85.00 on Friday. The business has a fifty day moving average of $82.07 and a 200 day moving average of $74.11. The firm has a market capitalization of $36.59 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

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Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.03. The business had revenue of $2.74 billion during 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 last year, the business posted $0.26 EPS. As a group, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio (DPR) is presently 98.77%.

Wall Street Analyst Weigh In

ETR has been the subject of several analyst reports. KeyCorp lowered Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. Wells Fargo & Company increased their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Scotiabank decreased their price objective on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a report on Tuesday, January 7th. Finally, UBS Group increased their price objective on Entergy from $72.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.11.

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.

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