MGO One Seven LLC Boosts Stake in Entergy Corporation (NYSE:ETR)

MGO One Seven LLC lifted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 91.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,143 shares of the utilities provider's stock after purchasing an additional 6,739 shares during the quarter. MGO One Seven LLC's holdings in Entergy were worth $1,072,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Legacy Financial Advisors Inc. raised its holdings in Entergy by 60.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after buying an additional 6,028 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Entergy in the 4th quarter worth about $4,393,000. Flagship Harbor Advisors LLC lifted its position in Entergy by 74.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock valued at $603,000 after acquiring an additional 3,393 shares in the last quarter. LaFleur & Godfrey LLC acquired a new position in Entergy during the 4th quarter valued at about $217,000. Finally, Bank of Montreal Can increased its holdings in Entergy by 74.3% during the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock worth $50,869,000 after purchasing an additional 286,005 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ETR has been the topic of several analyst reports. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Barclays increased their target price on shares of Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Wells Fargo & Company raised 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. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. Finally, UBS Group lifted their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Entergy has a consensus rating of "Moderate Buy" and an average price target of $85.25.

Entergy Stock Performance

Shares of ETR traded up $0.49 during trading hours on Monday, hitting $85.10. The company's stock had a trading volume of 3,018,592 shares, compared to its average volume of 3,667,854. The business has a 50 day simple moving average of $83.47 and a two-hundred day simple moving average of $78.71. The company has a market cap of $36.66 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 52-week low of $52.07 and a 52-week 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.

Entergy (NYSE:ETR - Get Free Report) last issued 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 business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.82%. Entergy's dividend payout ratio (DPR) is presently 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.