Entergy Corporation (NYSE:ETR) Holdings Raised by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC lifted its stake in Entergy Corporation (NYSE:ETR) by 5.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,560 shares of the utilities provider’s stock after purchasing an additional 833 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Entergy were worth $1,330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Legacy Financial Advisors Inc. boosted its position in Entergy by 60.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider’s stock valued at $1,219,000 after purchasing an additional 6,028 shares during the last quarter. LaFleur & Godfrey LLC purchased a new stake in shares of Entergy during the 4th quarter worth about $217,000. Bank of Montreal Can raised its stake in shares of Entergy by 74.3% during the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider’s stock worth $50,869,000 after purchasing an additional 286,005 shares in the last quarter. Braun Stacey Associates Inc. lifted its holdings in shares of Entergy by 88.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider’s stock valued at $27,333,000 after buying an additional 169,511 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Entergy in the 4th quarter valued at approximately $9,135,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ETR shares. Barclays upped 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. BMO Capital Markets upped their target price on Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. UBS Group lifted their price target 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. Evercore ISI boosted their price objective 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. Finally, Raymond James Financial began coverage on shares of Entergy in a research note on Friday, June 13th. They issued a “market perform” rating on the stock. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $86.04.

Entergy Price Performance

Shares of Entergy stock opened at $80.97 on Wednesday. The stock has a market capitalization of $34.88 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 2.23 and a beta of 0.59. The firm’s 50-day moving average price is $82.67 and its two-hundred day moving average price is $81.26. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38.

Entergy (NYSE:ETR) last released its quarterly earnings results 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 11.43% and a net margin of 11.26%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm posted $0.54 EPS. On average, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared 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 was Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.96%. Entergy’s dividend payout ratio (DPR) is 77.92%.

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.