2,970 Shares in Entergy Corporation (NYSE:ETR) Acquired by Stokes Family Office LLC

Stokes Family Office LLC acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,970 shares of the utilities provider's stock, valued at approximately $225,000.

Other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its stake in Entergy by 21.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 2,971 shares of the utilities provider's stock valued at $391,000 after acquiring an additional 528 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Entergy by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock valued at $451,000 after purchasing an additional 69 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Entergy by 40.7% during the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider's stock worth $2,448,000 after buying an additional 5,381 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Entergy during the 3rd quarter worth $329,000. Finally, Pathstone Holdings LLC lifted its position in shares of Entergy by 6.9% during the 3rd quarter. Pathstone Holdings LLC now owns 16,862 shares of the utilities provider's stock worth $2,219,000 after buying an additional 1,081 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 0.2 %

ETR stock traded up $0.16 during midday trading on Monday, hitting $84.04. The stock had a trading volume of 4,836,646 shares, compared to its average volume of 3,338,679. 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 business has a fifty day moving average price of $82.90 and a two-hundred day moving average price of $75.16. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The firm has a market cap of $36.20 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.

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Entergy (NYSE:ETR - Get Free Report) last announced its earnings results 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 company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the company earned $0.26 EPS. On average, sell-side analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.86%. Entergy's dividend payout ratio is currently 98.77%.

Analysts Set New Price Targets

ETR has been the subject of several research analyst reports. BMO Capital Markets boosted their target price on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Evercore ISI increased their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target for the company in a report on Thursday, January 30th. Finally, Morgan Stanley raised their price objective on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Entergy has an average rating of "Moderate Buy" and a consensus price target of $84.75.

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.