ProVise Management Group LLC lifted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 92.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,465 shares of the utilities provider's stock after acquiring an additional 36,239 shares during the period. ProVise Management Group LLC's holdings in Entergy were worth $5,722,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the business. Fortis Group Advisors LLC grew 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 buying an additional 172 shares during the period. NBT Bank N A NY grew its stake 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 valued at $26,000 after buying an additional 170 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Entergy in the 3rd quarter valued at about $27,000. Duncker Streett & Co. Inc. grew 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 buying an additional 179 shares during the period. Finally, Riverview Trust Co grew its stake in shares of Entergy by 100.0% in 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 during the period. 88.07% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently commented on ETR. Morgan Stanley raised their target price on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Scotiabank cut their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target for the company in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $84.75.
Check Out Our Latest Stock Report on Entergy
Entergy Stock Performance
Entergy stock traded down $0.90 during trading on Friday, hitting $83.74. The stock had a trading volume of 9,132,300 shares, compared to its average volume of 3,332,663. Entergy Corporation has a 1 year low of $50.19 and a 1 year 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 stock's 50 day moving average is $82.90 and its two-hundred day moving average is $75.06. The stock has a market cap of $36.04 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.
Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. As a group, analysts predict that Entergy Corporation will post 3.88 EPS for the current year.
Entergy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.87%. Entergy's dividend payout ratio is currently 98.77%.
About Entergy
(
Free Report)
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.
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