Blair William & Co. IL Has $1.62 Million Position in Entergy Corporation (NYSE:ETR)

Blair William & Co. IL grew its position in Entergy Corporation (NYSE:ETR) by 137.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,297 shares of the utilities provider’s stock after purchasing an additional 12,315 shares during the period. Blair William & Co. IL’s holdings in Entergy were worth $1,615,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Strategic Financial Concepts LLC bought a new stake in Entergy during the fourth quarter worth about $4,393,000. Flagship Harbor Advisors LLC increased its holdings in Entergy by 74.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock valued at $603,000 after purchasing an additional 3,393 shares in the last quarter. LaFleur & Godfrey LLC acquired a new stake in Entergy during the 4th quarter valued at $217,000. Avior Wealth Management LLC raised its position in Entergy by 324.3% in the 4th quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 561 shares during the last quarter. Finally, Braun Stacey Associates Inc. boosted its stake in Entergy by 88.8% in the fourth 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 in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.2 %

Shares of NYSE ETR opened at $85.63 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The firm has a 50 day moving average price of $83.45 and a 200 day moving average price of $76.28. The stock has a market cap of $36.89 billion, a P/E ratio of 35.17, 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 earnings per share (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 business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the business earned $0.26 EPS. Analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.80%. Entergy’s dividend payout ratio (DPR) is 98.77%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Evercore ISI lifted their price target on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Entergy presently has an average 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.