Entergy Corporation (NYSE:ETR) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its holdings in Entergy Corporation (NYSE:ETR) by 119.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,596 shares of the utilities provider’s stock after acquiring an additional 6,869 shares during the period. Coldstream Capital Management Inc.’s holdings in Entergy were worth $955,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Voya Financial Advisors Inc. raised its holdings in Entergy by 73.8% in the 4th quarter. Voya Financial Advisors Inc. now owns 16,105 shares of the utilities provider’s stock valued at $1,220,000 after acquiring an additional 6,837 shares during the last quarter. Parallax Volatility Advisers L.P. acquired a new stake in Entergy in the 4th quarter valued at about $201,000. Lord Abbett & CO. LLC raised its holdings in Entergy by 98.6% in the 4th quarter. Lord Abbett & CO. LLC now owns 3,090,648 shares of the utilities provider’s stock valued at $234,333,000 after acquiring an additional 1,534,290 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Entergy in the 4th quarter valued at about $745,000. Finally, Hancock Whitney Corp raised its holdings in Entergy by 99.9% in the 4th quarter. Hancock Whitney Corp now owns 5,384 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 2,690 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

Entergy stock opened at $85.10 on Tuesday. The stock has a market cap of $36.66 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. The company has a fifty day simple moving average of $83.47 and a 200-day simple moving average of $78.71. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

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, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion during 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 period in the previous year, the company earned $0.26 EPS. Equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.82%. Entergy’s dividend payout ratio is currently 98.77%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ETR. LADENBURG THALM/SH SH raised shares of 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. JPMorgan Chase & Co. lifted their price target on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Evercore ISI lifted their price target on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $85.25.

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.