OneAscent Wealth Management LLC Invests $346,000 in Entergy Corporation (NYSE:ETR)

OneAscent Wealth Management LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,564 shares of the utilities provider’s stock, valued at approximately $346,000.

A number of other large investors also recently added to or reduced their stakes in ETR. Private Trust Co. NA increased its holdings in shares of Entergy by 10.5% in the third quarter. Private Trust Co. NA now owns 2,210 shares of the utilities provider’s stock worth $291,000 after buying an additional 210 shares during the period. Dai ichi Life Insurance Company Ltd purchased a new position in Entergy in the 3rd quarter worth approximately $939,000. D.A. Davidson & CO. lifted its position in Entergy by 7.9% in the third quarter. D.A. Davidson & CO. now owns 2,459 shares of the utilities provider’s stock valued at $324,000 after purchasing an additional 181 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Entergy by 5.2% during 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 period. Finally, Public Sector Pension Investment Board grew its holdings 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 during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR stock opened at $84.38 on Friday. 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’s fifty day moving average price is $83.34 and its 200-day moving average price is $75.75. The stock has a market cap of $36.35 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38.

Entergy (NYSE:ETR) last announced its quarterly earnings data 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. The business had revenue of $2.74 billion for 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 earned $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 was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio is currently 98.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ETR shares. Morgan Stanley increased their price target on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. BMO Capital Markets raised their target price on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. UBS Group upped their price target on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, March 21st. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Finally, Evercore ISI upped their target price on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Six investment 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.75.

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.