Lynx Investment Advisory Buys 5,220 Shares of Entergy Corporation (NYSE:ETR)

Lynx Investment Advisory boosted its stake in Entergy Corporation (NYSE:ETR) by 60.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,825 shares of the utilities provider’s stock after purchasing an additional 5,220 shares during the period. Lynx Investment Advisory’s holdings in Entergy were worth $1,048,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Acropolis Investment Management LLC grew its position in shares of Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock valued at $1,163,000 after acquiring an additional 69 shares during the period. Great Valley Advisor Group Inc. grew its position in shares of Entergy by 0.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock valued at $1,065,000 after acquiring an additional 74 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of Entergy by 1.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock valued at $952,000 after acquiring an additional 91 shares during the period. Hall Laurie J Trustee grew its position in shares of Entergy by 50.0% during the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 150 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Entergy by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider’s stock worth $2,224,000 after buying an additional 162 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

NYSE ETR opened at $83.74 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The firm’s 50 day moving average price is $82.90 and its 200-day moving average price is $75.16. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The company has a market cap of $36.07 billion, a PE ratio of 34.39, a P/E/G ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. Sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.87%. Entergy’s payout ratio is 98.77%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a report on Thursday, January 30th. UBS Group upped 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. Scotiabank decreased their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley upped their price target on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Evercore ISI upped their price target on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Six 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.75.

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.