NewEdge Advisors LLC Has $8.13 Million Position in Entergy Corporation (NYSE:ETR)

NewEdge Advisors LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 93.9% in the 4th quarter, Holdings Channel reports. The firm owned 107,184 shares of the utilities provider’s stock after buying an additional 51,908 shares during the period. NewEdge Advisors LLC’s holdings in Entergy were worth $8,127,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hall Laurie J Trustee increased its holdings in Entergy by 50.0% in the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 150 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Entergy by 0.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider’s stock worth $2,224,000 after buying an additional 162 shares during the period. NBT Bank N A NY grew its holdings in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 170 shares during the last quarter. Fortis Group Advisors LLC increased its position in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 172 shares during the period. Finally, Legacy Investment Solutions LLC raised its stake in shares of Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased 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. Scotiabank decreased their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a report on Thursday, January 30th. BMO Capital Markets lowered their target price on shares of Entergy from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley lifted their target price on Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Six research 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 company. According to MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average target price of $85.25.

Entergy Stock Performance

Shares of ETR opened at $83.11 on Friday. Entergy Corporation has a 1 year low of $51.75 and a 1 year high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The stock’s fifty day moving average price is $83.54 and its two-hundred day moving average price is $77.78. The firm has a market cap of $35.80 billion, a PE ratio of 34.13, a PEG ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the business earned $0.26 earnings per share. On average, equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.89%. Entergy’s dividend payout ratio is currently 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.