Regal Investment Advisors LLC Has $1.69 Million Position in Entergy Corporation (NYSE:ETR)

Regal Investment Advisors LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 106.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,340 shares of the utilities provider's stock after buying an additional 11,540 shares during the period. Regal Investment Advisors LLC's holdings in Entergy were worth $1,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC grew its holdings in shares of Entergy by 5.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,308 shares of the utilities provider's stock worth $567,000 after purchasing an additional 216 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Entergy in the third quarter valued at approximately $175,000. Synovus Financial Corp grew its position in Entergy by 78.3% during the 3rd quarter. Synovus Financial Corp now owns 4,269 shares of the utilities provider's stock worth $562,000 after acquiring an additional 1,875 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in Entergy by 181.5% in the third quarter. Peapack Gladstone Financial Corp now owns 14,310 shares of the utilities provider's stock worth $1,884,000 after purchasing an additional 9,227 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock worth $754,318,000 after acquiring an additional 1,981,611 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Stock Up 1.1 %

Shares of NYSE:ETR traded up $0.87 during midday trading on Friday, reaching $83.11. 3,228,172 shares of the company were exchanged, compared to its average volume of 3,693,272. The firm has a market cap of $35.80 billion, a PE ratio of 34.13, a P/E/G ratio of 2.34 and a beta of 0.56. The stock has a fifty day simple moving average of $83.54 and a two-hundred day simple moving average of $77.78. Entergy Corporation has a fifty-two week low of $51.75 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.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio is currently 98.77%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ETR shares. 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. Morgan Stanley lifted 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, March 20th. UBS Group upped their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Wells Fargo & Company lifted their price objective on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets cut their target price on shares of Entergy from $94.00 to $89.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $85.25.

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.