Entergy Corporation (NYSE:ETR) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its position in Entergy Corporation (NYSE:ETR) by 115.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,216 shares of the utilities provider’s stock after purchasing an additional 5,466 shares during the period. EP Wealth Advisors LLC’s holdings in Entergy were worth $775,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ETR. Fortis Group Advisors LLC raised its position in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. NBT Bank N A NY increased its stake in shares of 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 purchasing an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. raised its position in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Sandy Spring Bank lifted its stake in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares in the last quarter. Finally, Riverview Trust Co increased its position in 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 buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ETR shares. JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Evercore ISI raised their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. UBS Group boosted their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, March 21st. BMO Capital Markets raised their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Finally, Barclays increased their price target on Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.75.

Entergy Price Performance

ETR opened at $82.86 on Friday. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The company has a 50 day moving average of $83.07 and a two-hundred day moving average of $79.66. The company has a market cap of $35.69 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.34 and a beta of 0.62. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

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

Entergy Announces Dividend

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 given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.90%. The ex-dividend date is Friday, May 2nd. Entergy’s dividend payout ratio (DPR) is presently 77.92%.

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.