Entergy Corporation (NYSE:ETR) Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. increased its holdings in Entergy Corporation (NYSE:ETR) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,352 shares of the utilities provider’s stock after buying an additional 218 shares during the quarter. Focus Financial Network Inc.’s holdings in Entergy were worth $372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gen Wealth Partners Inc grew its stake in shares of Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 144 shares during the period. NBT Bank N A NY lifted its position in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares in the last quarter. Fortis Group Advisors LLC lifted its position 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 valued at $26,000 after buying an additional 172 shares in the last quarter. Legacy Investment Solutions LLC lifted its position in shares of Entergy by 85.1% during the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider’s stock valued at $31,000 after buying an additional 172 shares in the last quarter. Finally, Duncker Streett & Co. Inc. lifted its position 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 valued at $27,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Down 1.6%

Shares of NYSE:ETR opened at $81.98 on Friday. The business has a 50-day moving average price of $82.60 and a 200 day moving average price of $81.20. 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 capitalization of $35.31 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.34 and a beta of 0.59. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the company posted $0.54 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy’s dividend payout ratio is currently 77.92%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group raised 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 raised their price objective on Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Raymond James initiated coverage on Entergy in a report on Friday. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets lifted their price target on Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.04.

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.