Tower Research Capital LLC TRC Purchases 12,284 Shares of Entergy Corporation (NYSE:ETR)

Tower Research Capital LLC TRC grew its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 93.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,424 shares of the utilities provider's stock after acquiring an additional 12,284 shares during the period. Tower Research Capital LLC TRC's holdings in Entergy were worth $1,928,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fortis Group Advisors LLC grew its stake in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares during the period. NBT Bank N A NY grew its position in shares of Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after buying an additional 170 shares during the period. Duncker Streett & Co. Inc. increased its stake in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares in the last quarter. Sandy Spring Bank increased its stake in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares in the last quarter. Finally, Riverview Trust Co lifted its position in Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 182 shares during the period. Institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Scotiabank decreased their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. Barclays lifted their price objective on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. UBS Group raised their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. JPMorgan Chase & Co. upped their price target 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. Finally, StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.25.

Entergy Trading Up 3.5 %

Entergy stock opened at $83.31 on Wednesday. The business has a 50-day simple moving average of $83.49 and a two-hundred day simple moving average of $78.07. Entergy Corporation has a 52-week low of $51.75 and a 52-week high of $88.38. 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 company has a market cap of $35.89 billion, a P/E ratio of 34.21, a P/E/G ratio of 2.34 and a beta of 0.56.

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

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's payout ratio is 98.77%.

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.

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