Curat Global LLC Invests $130,000 in Entergy Corporation (NYSE:ETR)

Curat Global LLC purchased a new position in Entergy Corporation (NYSE:ETR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,520 shares of the utilities provider’s stock, valued at approximately $130,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. NBT Bank N A NY boosted its holdings in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Fortis Group Advisors LLC boosted its holdings in 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 purchasing an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. boosted its holdings in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Sandy Spring Bank boosted its holdings 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 purchasing an additional 179 shares during the last quarter. Finally, Glen Eagle Advisors LLC boosted its holdings in Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 180 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ETR shares. Morgan Stanley reiterated an “overweight” rating on shares of Entergy in a report on Wednesday, April 23rd. Barclays boosted their target price on shares of Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, KeyCorp upgraded shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $86.04.

Entergy Price Performance

Shares of ETR opened at $82.11 on Friday. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The firm’s 50 day moving average price is $82.54 and its 200 day moving average price is $80.98. The company has a market cap of $35.37 billion, a P/E ratio of 33.72, a PEG 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 earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm earned $0.54 EPS. On average, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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