Fox Hill Wealth Management Boosts Stock Position in Entergy Corporation (NYSE:ETR)

Fox Hill Wealth Management grew its position in shares of Entergy Corporation (NYSE:ETR) by 96.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,840 shares of the utilities provider’s stock after buying an additional 10,739 shares during the period. Fox Hill Wealth Management’s holdings in Entergy were worth $1,656,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fortis Group Advisors LLC lifted its holdings in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. NBT Bank N A NY boosted 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 acquiring an additional 170 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Entergy during the 3rd quarter valued at about $27,000. Duncker Streett & Co. Inc. boosted 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 acquiring an additional 179 shares during the last quarter. Finally, Riverview Trust Co lifted its position in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Evercore ISI boosted their price target 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. BMO Capital Markets boosted their price target on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. UBS Group boosted their price target on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus price target of $84.11.

Entergy Trading Down 2.3 %

Shares of ETR opened at $83.46 on Wednesday. The stock has a market capitalization of $35.92 billion, a P/E ratio of 34.27, a PEG ratio of 2.34 and a beta of 0.68. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a fifty day simple moving average of $82.43 and a two-hundred day simple moving average of $74.66. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the prior year, the company posted $0.26 EPS. On average, research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.88%. Entergy’s payout ratio is currently 98.77%.

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.