HighPoint Advisor Group LLC Raises Stock Position in Entergy Corporation (NYSE:ETR)

HighPoint Advisor Group LLC grew its stake in Entergy Corporation (NYSE:ETR - Free Report) by 93.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,571 shares of the utilities provider's stock after acquiring an additional 8,484 shares during the quarter. HighPoint Advisor Group LLC's holdings in Entergy were worth $1,441,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fortis Group Advisors LLC lifted its position in shares of 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 buying an additional 172 shares during the last quarter. NBT Bank N A NY lifted its position in Entergy by 100.0% during 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. Legacy Investment Solutions LLC purchased a new stake in Entergy during the third quarter valued at approximately $27,000. Duncker Streett & Co. Inc. boosted 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 in the last quarter. Finally, Sandy Spring Bank grew its holdings in Entergy by 100.0% in 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 owned by institutional investors.

Analysts Set New Price Targets

ETR has been the subject of several analyst reports. Morgan Stanley increased their price objective on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Scotiabank dropped their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. UBS Group increased their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Finally, LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Entergy currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.75.

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Entergy Stock Performance

Shares of ETR stock traded down $6.04 on Friday, hitting $79.02. The company had a trading volume of 7,635,243 shares, compared to its average volume of 3,632,198. The firm has a market cap of $34.04 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The company has a 50-day moving average price of $83.52 and a 200-day moving average price of $76.60. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

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

Entergy Dividend Announcement

The firm also recently declared 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 of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.04%. Entergy's dividend 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.