Stokes Family Office LLC Makes New Investment in Entergy Corporation (NYSE:ETR)

Stokes Family Office LLC bought a new position in shares of Entergy Corporation (NYSE:ETR) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,970 shares of the utilities provider’s stock, valued at approximately $225,000.

A number of other institutional investors also recently modified their holdings of ETR. Franklin Resources Inc. raised its position in shares of Entergy by 53.0% during the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after purchasing an additional 1,981,611 shares during the period. Boston Partners raised its position in shares of Entergy by 87.3% during the fourth quarter. Boston Partners now owns 3,215,746 shares of the utilities provider’s stock worth $243,867,000 after purchasing an additional 1,498,693 shares during the period. Jennison Associates LLC raised its position in shares of Entergy by 139.5% during the fourth quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock worth $183,754,000 after purchasing an additional 1,411,473 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Entergy by 105.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,748,828 shares of the utilities provider’s stock worth $208,416,000 after purchasing an additional 1,408,476 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after purchasing an additional 1,354,355 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading Up 1.5 %

Shares of Entergy stock opened at $84.75 on Thursday. 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 firm has a market cap of $36.48 billion, a PE ratio of 34.80, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The stock has a fifty day moving average price of $82.59 and a 200-day moving average price of $74.73.

Entergy (NYSE:ETR) last posted its quarterly earnings results 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. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the company earned $0.26 EPS. Equities 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. Stockholders of record on Monday, February 10th were paid 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 dividend yield of 2.83%. Entergy’s payout ratio is 98.77%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price target on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Scotiabank lowered their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Finally, KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average target price of $84.11.

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.