Stifel Financial Corp Has $21.50 Million Holdings in Entergy Corporation (NYSE:ETR)

Stifel Financial Corp grew its position in Entergy Corporation (NYSE:ETR - Free Report) by 72.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 283,585 shares of the utilities provider's stock after purchasing an additional 119,374 shares during the period. Stifel Financial Corp owned about 0.07% of Entergy worth $21,501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETR. NBT Bank N A NY raised its holdings in Entergy by 100.0% during the fourth 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 in the last quarter. Fortis Group Advisors LLC raised 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 acquiring an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. boosted its position in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Sandy Spring Bank grew its holdings in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank 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, Riverview Trust Co raised its position in shares of Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 182 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Scotiabank dropped their price objective on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. BMO Capital Markets cut 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, April 11th. Barclays raised their target price on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Finally, Evercore ISI increased 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. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and an average target price of $85.25.

Entergy Price Performance

Entergy stock traded down $1.57 during mid-day trading on Tuesday, hitting $83.52. 3,931,221 shares of the company were exchanged, compared to its average volume of 3,668,904. The company has a market capitalization of $35.98 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. 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 business has a fifty day moving average of $83.47 and a 200 day moving average of $78.71. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is currently 98.77%.

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.