Entergy Corporation (NYSE:ETR) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC boosted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 75.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 182,189 shares of the utilities provider's stock after purchasing an additional 78,602 shares during the quarter. MML Investors Services LLC's holdings in Entergy were worth $13,814,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ETR. NBT Bank N A NY raised its holdings 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 period. Fortis Group Advisors LLC increased its stake in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. raised 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 acquiring an additional 179 shares in the last quarter. Sandy Spring Bank grew its stake in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares in the last quarter. Finally, Riverview Trust Co raised its position in shares of 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 buying an additional 182 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Down 0.4 %

Shares of NYSE:ETR traded down $0.37 during trading on Friday, hitting $84.60. 2,697,771 shares of the company were exchanged, compared to its average volume of 3,672,937. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The firm's 50 day moving average price is $83.51 and its 200-day moving average price is $78.38. The stock has a market capitalization of $36.44 billion, a P/E ratio of 34.74, a PEG ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38.

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 (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company 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 quarter in the prior year, the firm posted $0.26 earnings per share. On average, research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ETR. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research note on Wednesday. Evercore ISI increased their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. UBS Group increased their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research note on Thursday, January 30th. Finally, StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.