Entergy Corporation (NYSE:ETR) Position Increased by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 60.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,077 shares of the utilities provider's stock after acquiring an additional 6,028 shares during the quarter. Legacy Financial Advisors Inc.'s holdings in Entergy were worth $1,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NBT Bank N A NY increased its position in shares of Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares during the period. Fortis Group Advisors LLC increased its holdings in Entergy by 100.0% in 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 during the period. Duncker Streett & Co. Inc. boosted its stake in shares of 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 purchasing an additional 179 shares during the last quarter. Sandy Spring Bank lifted its stake in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $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 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after buying an additional 182 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

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Entergy Price Performance

Shares of NYSE ETR traded up $1.21 during trading on Tuesday, hitting $83.79. 1,280,561 shares of the company were exchanged, compared to its average volume of 3,684,650. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The company has a market cap of $36.09 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.34 and a beta of 0.56. The firm's fifty day moving average price is $83.48 and its 200 day moving average price is $77.47. 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 (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate 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 earned $0.26 earnings per share. On average, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared 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 2.86%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is presently 98.77%.

Analysts Set New Price Targets

A number of analysts recently commented on ETR shares. UBS Group increased their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Scotiabank lowered their price objective on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. Evercore ISI boosted their target price on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Morgan Stanley raised their price target on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, Wells Fargo & Company lifted their price target on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.25.

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.