United Capital Financial Advisors LLC Has $970,000 Stake in Entergy Corporation (NYSE:ETR)

United Capital Financial Advisors LLC lifted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 97.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,798 shares of the utilities provider's stock after buying an additional 6,306 shares during the period. United Capital Financial Advisors LLC's holdings in Entergy were worth $970,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. NBT Bank N A NY grew its holdings in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares during the period. Fortis Group Advisors LLC boosted its stake in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares during the period. Duncker Streett & Co. Inc. increased its holdings 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 last quarter. 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. Institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ETR. Morgan Stanley upped their price objective on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research report on Thursday, January 30th. BMO Capital Markets dropped their price target on Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Wells Fargo & Company upped their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Entergy has a consensus rating of "Moderate Buy" and an average target price of $85.25.

Entergy Price Performance

ETR traded up $0.77 during trading on Thursday, hitting $85.03. 2,339,357 shares of the stock traded hands, compared to its average volume of 3,684,717. The business has a 50 day moving average price of $83.52 and a 200 day moving average price of $78.11. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a twelve month low of $51.75 and a twelve month high of $88.38. The company has a market cap of $36.63 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping 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 company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. Equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is presently 98.77%.

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.