Greenwood Gearhart Inc. Purchases 9,922 Shares of Entergy Corporation (NYSE:ETR)

Greenwood Gearhart Inc. boosted its position in shares of Entergy Corporation (NYSE:ETR) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,844 shares of the utilities provider’s stock after acquiring an additional 9,922 shares during the quarter. Greenwood Gearhart Inc.’s holdings in Entergy were worth $1,505,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Entergy by 93.9% in the 4th quarter. NewEdge Advisors LLC now owns 107,184 shares of the utilities provider’s stock valued at $8,127,000 after purchasing an additional 51,908 shares during the last quarter. Ceredex Value Advisors LLC lifted its position in shares of Entergy by 213.1% in the fourth quarter. Ceredex Value Advisors LLC now owns 432,750 shares of the utilities provider’s stock valued at $32,811,000 after buying an additional 294,550 shares during the last quarter. Finward Bancorp acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $641,000. Regal Investment Advisors LLC boosted its stake in shares of Entergy by 106.9% during the 4th quarter. Regal Investment Advisors LLC now owns 22,340 shares of the utilities provider’s stock worth $1,694,000 after acquiring an additional 11,540 shares during the period. Finally, United Capital Financial Advisors LLC increased its holdings in shares of Entergy by 97.1% during the 4th quarter. United Capital Financial Advisors LLC now owns 12,798 shares of the utilities provider’s stock worth $970,000 after acquiring an additional 6,306 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ETR. BMO Capital Markets reduced their price objective on shares of Entergy from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. 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 research note on Thursday, March 20th. Evercore ISI boosted their price objective on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Scotiabank lowered their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays upped their price objective on Entergy from $79.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Six investment 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 stock. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $85.25.

Entergy Stock Performance

NYSE ETR opened at $83.37 on Wednesday. The firm’s fifty day moving average price is $83.49 and its two-hundred day moving average price is $77.51. The stock has a market cap of $35.91 billion, a PE ratio of 34.24, a PEG ratio of 2.34 and a beta of 0.56. 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 fifty-two week low of $50.19 and a fifty-two week high of $88.38.

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

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.88%. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Entergy Profile

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.