RWA Wealth Partners LLC Invests $457,000 in Entergy Corporation (NYSE:ETR)

RWA Wealth Partners LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,031 shares of the utilities provider's stock, valued at approximately $457,000.

Several other institutional investors have also made changes to their positions in the business. Fortis Group Advisors LLC lifted its stake in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares during the period. NBT Bank N A NY raised its holdings 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 worth $26,000 after buying an additional 170 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Entergy during the 3rd quarter worth approximately $27,000. Duncker Streett & Co. Inc. boosted its stake in 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 in the last quarter. Finally, Sandy Spring Bank grew its position in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Morgan Stanley upped their price objective on shares of Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Finally, Evercore ISI lifted their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Six research 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 stock. According to MarketBeat.com, Entergy currently has an average rating of "Moderate Buy" and a consensus target price of $84.75.

Remove Ads

Entergy Trading Down 7.1 %

Shares of NYSE:ETR traded down $6.04 during trading on Friday, hitting $79.02. 7,635,243 shares of the company's stock were exchanged, compared to its average volume of 3,632,198. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The firm has a market cap of $34.04 billion, a P/E ratio of 32.45, a PEG ratio of 2.34 and a beta of 0.56. The firm has a 50-day moving average price of $83.52 and a two-hundred day moving average price of $76.69. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates 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 business earned $0.26 EPS. Equities analysts predict that Entergy Corporation will post 3.88 earnings per share 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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.04%. The ex-dividend date was Monday, February 10th. Entergy's payout ratio is 98.77%.

About Entergy

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.