World Investment Advisors Invests $457,000 in Entergy Corporation (NYSE:ETR)

World Investment Advisors bought a new position in Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,027 shares of the utilities provider's stock, valued at approximately $457,000.

A number of other large investors have also bought and sold shares of ETR. Fortis Group Advisors LLC increased its holdings in Entergy by 100.0% in 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 last quarter. NBT Bank N A NY boosted its position 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. Legacy Investment Solutions LLC purchased a new position in shares of Entergy in the third quarter worth about $27,000. Duncker Streett & Co. Inc. raised its position in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. Finally, Sandy Spring Bank lifted its stake in shares of Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of Entergy stock traded up $1.43 on Friday, hitting $81.71. 3,384,251 shares of the company traded hands, compared to its average volume of 3,694,283. Entergy Corporation has a 12-month low of $50.19 and a 12-month 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 company has a market cap of $35.20 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.34 and a beta of 0.56. The firm's 50-day simple moving average is $83.48 and its 200 day simple moving average is $77.26.

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Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share 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 business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the business posted $0.26 earnings per share. Analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 2.94%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's payout ratio is presently 98.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. UBS Group lifted their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. BMO Capital Markets dropped their price objective on Entergy from $94.00 to $89.00 and set an "outperform" rating on the stock in a report on Friday. Scotiabank reduced their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a report on Tuesday, January 7th. Finally, Evercore ISI upped their price target on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Six equities 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.