Mercer Global Advisors Inc. ADV Buys 133,744 Shares of Entergy Corporation (NYSE:ETR)

Mercer Global Advisors Inc. ADV increased its stake in shares of Entergy Corporation (NYSE:ETR) by 111.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,663 shares of the utilities provider’s stock after purchasing an additional 133,744 shares during the quarter. Mercer Global Advisors Inc. ADV owned approximately 0.06% of Entergy worth $19,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ETR. Fortis Group Advisors LLC boosted its holdings in shares of 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 buying an additional 172 shares in the last quarter. NBT Bank N A NY lifted its position in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Duncker Streett & Co. Inc. boosted its stake in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. Sandy Spring Bank grew its holdings in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Riverview Trust Co increased its position in shares of Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.3 %

Shares of ETR stock opened at $83.43 on Friday. The stock’s 50-day simple moving average is $83.35 and its 200-day simple moving average is $78.90. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The firm has a market capitalization of $35.94 billion, a PE ratio of 34.26, a P/E/G ratio of 2.34 and a beta of 0.56. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company earned $0.54 earnings per share. Equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.88%. Entergy’s payout ratio is 98.77%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of Entergy in a research note on Wednesday, April 23rd. Barclays upped their target price on Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday. Evercore ISI upped their target price on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. UBS Group upped their target price on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. upped their target price on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.75.

Entergy Company 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.