TCM Advisors LLC Buys 6,100 Shares of Entergy Corporation (NYSE:ETR)

TCM Advisors LLC lifted its position in Entergy Corporation (NYSE:ETR - Free Report) by 75.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,200 shares of the utilities provider's stock after acquiring an additional 6,100 shares during the period. Entergy makes up approximately 0.1% of TCM Advisors LLC's holdings, making the stock its 28th biggest holding. TCM Advisors LLC's holdings in Entergy were worth $1,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Orion Portfolio Solutions LLC raised its position in shares of Entergy by 5.3% during the third quarter. Orion Portfolio Solutions LLC now owns 4,308 shares of the utilities provider's stock worth $567,000 after purchasing an additional 216 shares during the period. M&T Bank Corp boosted its holdings in shares of Entergy by 9.5% in the third quarter. M&T Bank Corp now owns 12,094 shares of the utilities provider's stock valued at $1,592,000 after buying an additional 1,048 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Entergy by 32.9% during the third quarter. Sanctuary Advisors LLC now owns 48,362 shares of the utilities provider's stock worth $6,365,000 after acquiring an additional 11,964 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Entergy in the 3rd quarter valued at $175,000. Finally, Synovus Financial Corp increased its holdings in Entergy by 78.3% during the 3rd quarter. Synovus Financial Corp now owns 4,269 shares of the utilities provider's stock worth $562,000 after purchasing an additional 1,875 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

Shares of NYSE:ETR traded up $0.87 on Friday, hitting $83.11. The company had a trading volume of 3,228,172 shares, compared to its average volume of 3,692,924. The stock has a market cap of $35.80 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 2.34 and a beta of 0.56. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 1-year low of $51.17 and a 1-year high of $88.38. The stock has a 50 day moving average price of $83.51 and a 200 day moving average price of $77.66.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. During the same period last year, the firm posted $0.26 EPS. Analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is 98.77%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ETR. UBS Group increased their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Evercore ISI increased their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price target 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. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Finally, Scotiabank lowered their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. Six investment 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.25.

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.