AAFMAA Wealth Management & Trust LLC Takes Position in Entergy Corporation (NYSE:ETR)

AAFMAA Wealth Management & Trust LLC acquired a new stake in Entergy Corporation (NYSE:ETR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,995 shares of the utilities provider’s stock, valued at approximately $1,453,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fortis Group Advisors LLC boosted its stake in shares of Entergy by 100.0% in the fourth 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 holdings in Entergy by 100.0% in 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 period. Duncker Streett & Co. Inc. lifted its holdings 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 during the period. Sandy Spring Bank boosted its position in shares of Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Glen Eagle Advisors LLC grew its stake in shares of Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of NYSE ETR opened at $82.11 on Friday. The company has a 50-day simple moving average of $82.54 and a 200-day simple moving average of $80.98. 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 company has a market cap of $35.37 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38.

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

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.92%. Entergy’s dividend payout ratio (DPR) is presently 77.92%.

Analyst Upgrades and Downgrades

ETR has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. KeyCorp raised shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 target price for the company in a report on Wednesday, May 14th. 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. Morgan Stanley restated an “overweight” rating on shares of Entergy in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.04.

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.