Lido Advisors LLC Buys 6,806 Shares of Entergy Corporation (NYSE:ETR)

Lido Advisors LLC grew its stake in Entergy Corporation (NYSE:ETR) by 109.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,004 shares of the utilities provider’s stock after purchasing an additional 6,806 shares during the period. Lido Advisors LLC’s holdings in Entergy were worth $986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in Entergy during the third quarter valued at about $175,000. Synovus Financial Corp increased its position in shares of Entergy by 78.3% during the third quarter. Synovus Financial Corp now owns 4,269 shares of the utilities provider’s stock valued at $562,000 after purchasing an additional 1,875 shares during the period. Franklin Resources Inc. raised its stake in shares of Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after purchasing an additional 1,981,611 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Entergy by 35.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 13,076 shares of the utilities provider’s stock worth $1,723,000 after purchasing an additional 3,456 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Entergy by 4.0% during the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock worth $36,885,000 after buying an additional 10,697 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Scotiabank reduced their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. Barclays raised their price target on shares of Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday. 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. Wells Fargo & Company raised their target price on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets upped their price target on Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.75.

Entergy Stock Up 1.3 %

NYSE:ETR opened at $84.47 on Friday. The stock’s fifty day moving average price is $83.33 and its two-hundred day moving average price is $79.10. The company has a market cap of $36.39 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (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 business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business earned $0.54 earnings per share. On average, analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a $0.60 dividend. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.84%. Entergy’s payout ratio is presently 77.92%.

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.