OneAscent Wealth Management LLC Acquires Shares of 4,564 Entergy Corporation (NYSE:ETR)

OneAscent Wealth Management LLC acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,564 shares of the utilities provider's stock, valued at approximately $346,000.

A number of other hedge funds have also recently modified their holdings of ETR. Vanguard Group Inc. grew its position in Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after buying an additional 26,312,267 shares during the period. State Street Corp grew its position in shares of Entergy by 1.1% during the 3rd quarter. State Street Corp now owns 11,408,776 shares of the utilities provider's stock valued at $1,501,509,000 after acquiring an additional 128,667 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Entergy by 105.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider's stock valued at $558,279,000 after purchasing an additional 3,773,492 shares in the last quarter. Franklin Resources Inc. raised its holdings in Entergy by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock worth $754,318,000 after purchasing an additional 1,981,611 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Entergy by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider's stock worth $651,206,000 after purchasing an additional 37,279 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

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Analysts Set New Price Targets

ETR has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded 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. KeyCorp cut shares of Entergy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their target price on shares of Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. UBS Group upped their price target 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. Finally, Wells Fargo & Company lifted their price objective on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.75.

Entergy Trading Up 0.6 %

Shares of ETR traded up $0.55 during midday trading on Wednesday, hitting $86.21. 1,051,850 shares of the stock were exchanged, compared to its average volume of 3,587,547. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The firm has a market cap of $37.14 billion, a P/E ratio of 35.40, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The stock has a fifty day simple moving average of $83.45 and a 200 day simple moving average of $76.28.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company earned $0.26 earnings per share. On average, research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.78%. Entergy's payout ratio is 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.