TD Private Client Wealth LLC Raises Position in Entergy Corporation (NYSE:ETR)

TD Private Client Wealth LLC grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 178.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,903 shares of the utilities provider's stock after buying an additional 49,907 shares during the period. TD Private Client Wealth LLC's holdings in Entergy were worth $5,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ETR. OneDigital Investment Advisors LLC raised its stake in shares of Entergy by 2.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock valued at $451,000 after acquiring an additional 69 shares during the period. LMR Partners LLP purchased a new stake in Entergy in the 3rd quarter worth about $329,000. Pathstone Holdings LLC lifted its stake in Entergy by 6.9% in the third quarter. Pathstone Holdings LLC now owns 16,862 shares of the utilities provider's stock worth $2,219,000 after purchasing an additional 1,081 shares during the last quarter. Caprock Group LLC grew its stake in shares of Entergy by 10.1% during the third quarter. Caprock Group LLC now owns 5,281 shares of the utilities provider's stock valued at $695,000 after buying an additional 485 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Entergy in the third quarter worth approximately $564,000. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

Entergy stock traded down $1.09 during trading hours on Tuesday, hitting $82.92. 4,658,302 shares of the stock traded hands, compared to its average volume of 3,337,904. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The stock has a market capitalization of $35.72 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The firm's 50 day moving average price is $83.04 and its 200-day moving average price is $75.32.

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Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates 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 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's payout ratio is presently 98.77%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ETR. StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. BMO Capital Markets upped their price target on shares of Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Morgan Stanley raised their price target on shares of Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research note on Thursday, January 30th. Finally, KeyCorp downgraded shares of Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.75.

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.