Entergy Corporation (NYSE:ETR) Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. increased its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 126.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,511 shares of the utilities provider's stock after purchasing an additional 6,429 shares during the quarter. Meeder Advisory Services Inc.'s holdings in Entergy were worth $873,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Entergy in the 3rd quarter worth approximately $27,000. NBT Bank N A NY raised its holdings 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 worth $26,000 after purchasing an additional 170 shares during the period. 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 in the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Finally, Sandy Spring Bank increased its position in 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 purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Analyst Upgrades and Downgrades

ETR has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. UBS Group raised their price objective on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Morgan Stanley upped 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. Barclays raised their target price on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Scotiabank lowered their price target on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a report on Tuesday, January 7th. Six equities 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $85.61.

Entergy Stock Performance

Shares of ETR traded up $1.28 during mid-day trading on Wednesday, hitting $80.29. The stock had a trading volume of 10,460,948 shares, compared to its average volume of 3,681,894. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market cap of $34.58 billion, a PE ratio of 32.97, a PEG ratio of 2.34 and a beta of 0.56. The company's fifty day simple moving average is $83.51 and its two-hundred day simple moving average is $77.04.

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, topping the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. On average, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, May 2nd. 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.