1,255 Shares in Entergy Corporation (NYSE:ETR) Purchased by Mascagni Wealth Management Inc.

Mascagni Wealth Management Inc. purchased a new position in Entergy Corporation (NYSE:ETR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,255 shares of the utilities provider’s stock, valued at approximately $95,000.

Several other institutional investors have also modified their holdings of the business. California State Teachers Retirement System lifted its stake in shares of Entergy by 91.6% in the fourth quarter. California State Teachers Retirement System now owns 509,227 shares of the utilities provider’s stock worth $38,610,000 after acquiring an additional 243,433 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Entergy by 230.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 96,526 shares of the utilities provider’s stock valued at $7,319,000 after buying an additional 67,352 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Entergy during the fourth quarter valued at approximately $10,389,000. Northstar Financial Companies Inc. acquired a new stake in Entergy during the fourth quarter valued at approximately $262,000. Finally, Anchor Pointe Wealth Management LLC acquired a new stake in Entergy during the fourth quarter valued at approximately $241,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.6%

ETR opened at $82.26 on Friday. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. 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 stock has a market cap of $35.44 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.34 and a beta of 0.62. The stock’s 50 day moving average price is $82.77 and its 200 day moving average price is $80.64.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $0.54 EPS. As a group, research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.92%. The ex-dividend date is Friday, May 2nd. Entergy’s dividend payout ratio is currently 77.92%.

Analyst Ratings Changes

Several brokerages have issued reports on ETR. Wells Fargo & Company upped their price objective on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. KeyCorp upgraded Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research note on Wednesday, May 14th. Barclays upped their price objective on Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped 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. Finally, UBS Group increased their price target on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.04.

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.