Trek Financial LLC Acquires Shares of 41,553 Entergy Corporation (NYSE:ETR)

Trek Financial LLC acquired a new position in Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 41,553 shares of the utilities provider's stock, valued at approximately $3,151,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hilltop Holdings Inc. lifted its holdings in shares of Entergy by 18.3% during the third quarter. Hilltop Holdings Inc. now owns 3,044 shares of the utilities provider's stock valued at $401,000 after purchasing an additional 471 shares in the last quarter. Investment Management Corp of Ontario lifted its stake in Entergy by 48.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 7,069 shares of the utilities provider's stock valued at $930,000 after acquiring an additional 2,300 shares during the period. IHT Wealth Management LLC purchased a new stake in shares of Entergy during the 3rd quarter valued at about $226,000. Quantinno Capital Management LP grew its stake in shares of Entergy by 19.1% in the third quarter. Quantinno Capital Management LP now owns 31,538 shares of the utilities provider's stock worth $4,151,000 after acquiring an additional 5,057 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Entergy by 8.2% during the third quarter. Stifel Financial Corp now owns 164,211 shares of the utilities provider's stock valued at $21,612,000 after purchasing an additional 12,383 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Price Performance

Entergy stock traded up $1.13 during mid-day trading on Friday, hitting $81.41. The stock had a trading volume of 1,134,460 shares, compared to its average volume of 3,679,514. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. 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 firm has a market capitalization of $35.07 billion, a P/E ratio of 33.24, a P/E/G ratio of 2.34 and a beta of 0.56. The firm's 50 day moving average is $83.48 and its 200 day moving average is $77.15.

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Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the business earned $0.26 earnings per share. On average, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ETR. Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Evercore ISI increased their target price on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Barclays boosted their price target on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday. BMO Capital Markets lowered their price objective on shares of Entergy from $94.00 to $89.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, UBS Group boosted their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.25.

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.