HighPoint Advisor Group LLC Has $1.44 Million Holdings in Entergy Corporation (NYSE:ETR)

HighPoint Advisor Group LLC raised its position in Entergy Corporation (NYSE:ETR) by 93.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,571 shares of the utilities provider’s stock after purchasing an additional 8,484 shares during the period. HighPoint Advisor Group LLC’s holdings in Entergy were worth $1,441,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. lifted its stake in Entergy by 7.9% in the 3rd quarter. D.A. Davidson & CO. now owns 2,459 shares of the utilities provider’s stock valued at $324,000 after acquiring an additional 181 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Entergy by 5.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,880 shares of the utilities provider’s stock valued at $6,960,000 after purchasing an additional 2,620 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Entergy by 3.0% in the third quarter. Public Sector Pension Investment Board now owns 37,272 shares of the utilities provider’s stock worth $4,905,000 after purchasing an additional 1,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Entergy by 8.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,075,044 shares of the utilities provider’s stock worth $141,487,000 after purchasing an additional 84,374 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Entergy by 6.5% in the third quarter. Rockefeller Capital Management L.P. now owns 130,321 shares of the utilities provider’s stock valued at $17,149,000 after purchasing an additional 7,936 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 1.4 %

Shares of NYSE:ETR opened at $85.63 on Tuesday. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The business has a 50 day moving average of $83.41 and a 200-day moving average of $76.13. 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 stock has a market cap of $36.89 billion, a PE ratio of 35.17, a P/E/G ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping 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 firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter last year, the business earned $0.26 EPS. As a group, equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

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

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of recent research reports. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised their price target on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Scotiabank decreased their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Finally, UBS Group upped their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.75.

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.