Smith Moore & CO. Grows Position in Entergy Corporation (NYSE:ETR)

Smith Moore & CO. boosted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 98.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,050 shares of the utilities provider's stock after buying an additional 3,500 shares during the quarter. Smith Moore & CO.'s holdings in Entergy were worth $535,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fortis Group Advisors LLC increased its stake in shares of 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 buying an additional 172 shares during the period. NBT Bank N A NY grew its holdings in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy in the 3rd quarter valued at approximately $27,000. Duncker Streett & Co. Inc. increased its position 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 purchasing an additional 179 shares during the last quarter. Finally, Sandy Spring Bank raised its holdings in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

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Analyst Ratings Changes

ETR has been the subject of a number of analyst reports. Evercore ISI boosted their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. BMO Capital Markets lowered their price objective on Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a research report on Friday. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Scotiabank lowered their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a report on Tuesday, January 7th. Finally, UBS Group increased their price target on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.25.

Entergy Stock Performance

NYSE ETR traded up $1.43 during trading on Friday, reaching $81.71. The company's stock had a trading volume of 3,384,251 shares, compared to its average volume of 3,694,283. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The firm has a market cap of $35.20 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 2.34 and a beta of 0.56. The business's fifty day moving average price is $83.48 and its 200-day moving average price is $77.26. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

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. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the prior year, the business earned $0.26 EPS. As a group, analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, May 2nd. 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.