Townsquare Capital LLC Buys 66,081 Shares of Entergy Corporation (NYSE:ETR)

Townsquare Capital LLC increased its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 101.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,899 shares of the utilities provider's stock after acquiring an additional 66,081 shares during the period. Townsquare Capital LLC's holdings in Entergy were worth $9,925,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ETR. Fortis Group Advisors LLC lifted its stake in 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 purchasing an additional 172 shares during the last quarter. NBT Bank N A NY lifted its position in shares of Entergy by 100.0% in 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 during the last quarter. Duncker Streett & Co. Inc. boosted its stake in shares of Entergy by 100.0% during 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 during the period. Sandy Spring Bank increased its holdings in shares of Entergy by 100.0% during 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 during the last quarter. Finally, Riverview Trust Co raised its stake in Entergy by 100.0% in 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. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

Shares of ETR traded up $0.87 during midday trading on Friday, hitting $83.11. The company's stock had a trading volume of 3,228,172 shares, compared to its average volume of 3,692,924. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a one year low of $51.17 and a one year high of $88.38. The stock has a market capitalization of $35.80 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. The company's fifty day simple moving average is $83.51 and its two-hundred day simple moving average is $77.66.

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

Entergy Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on ETR shares. LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective on the stock in a report on Thursday, January 30th. Barclays upped their price target on shares of Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Wells Fargo & Company upped their target price on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their price target on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Six 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 MarketBeat, Entergy currently has an average 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.