Steward Partners Investment Advisory LLC Boosts Stake in Entergy Corporation (NYSE:ETR)

Steward Partners Investment Advisory LLC boosted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 117.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,547 shares of the utilities provider's stock after acquiring an additional 10,567 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Entergy were worth $1,482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETR. Principal Financial Group Inc. raised its position in shares of Entergy by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider's stock valued at $36,885,000 after purchasing an additional 10,697 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Entergy in the third quarter valued at approximately $51,000. CWA Asset Management Group LLC purchased a new stake in shares of Entergy during the third quarter worth $2,030,000. Verdence Capital Advisors LLC boosted its holdings in shares of Entergy by 2.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,028 shares of the utilities provider's stock worth $1,188,000 after purchasing an additional 254 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Entergy by 20.1% in the 3rd quarter. Assetmark Inc. now owns 38,895 shares of the utilities provider's stock worth $5,119,000 after acquiring an additional 6,505 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. KeyCorp lowered shares of Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Wells Fargo & Company boosted their target price on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. UBS Group raised their price target on Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Finally, StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.11.

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Entergy Stock Performance

Shares of ETR stock traded up $1.25 during midday trading on Tuesday, hitting $81.71. 2,478,536 shares of the company were exchanged, compared to its average volume of 3,236,365. 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's 50 day moving average price is $81.49 and its two-hundred day moving average price is $73.65. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The firm has a market capitalization of $35.17 billion, a P/E ratio of 33.56, a PEG ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period last year, the firm posted $0.26 earnings per share. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.94%. Entergy's dividend payout ratio (DPR) is currently 98.77%.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.39% of the company's stock.

Entergy 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.