180 Wealth Advisors LLC Takes $207,000 Position in Entergy Corporation (NYSE:ETR)

180 Wealth Advisors LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,416 shares of the utilities provider’s stock, valued at approximately $207,000.

A number of other institutional investors have also recently bought and sold shares of ETR. Legacy Financial Advisors Inc. raised its stake in shares of Entergy by 60.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider’s stock worth $1,219,000 after purchasing an additional 6,028 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Entergy in the fourth quarter valued at approximately $4,393,000. LaFleur & Godfrey LLC bought a new stake in Entergy in the fourth quarter worth approximately $217,000. Bank of Montreal Can increased its stake in shares of Entergy by 74.3% during the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider’s stock worth $50,869,000 after purchasing an additional 286,005 shares during the last quarter. Finally, Braun Stacey Associates Inc. increased its stake in shares of Entergy by 88.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider’s stock worth $27,333,000 after purchasing an additional 169,511 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ETR. KeyCorp upgraded shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective for the company in a report on Wednesday, May 14th. UBS Group increased their price objective on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a report on Friday, March 21st. Barclays boosted their target price on Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. increased their target price on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Finally, Evercore ISI raised their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.04.

Entergy Stock Down 0.2%

NYSE ETR opened at $83.11 on Tuesday. The stock’s 50 day simple moving average is $82.75 and its 200 day simple moving average is $80.86. 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 one year low of $52.07 and a one year high of $88.38. The firm has a market cap of $35.80 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.60 by $0.22. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy’s dividend payout ratio is 77.92%.

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.