Captrust Financial Advisors Has $5.02 Million Stake in Entergy Corporation (NYSE:ETR)

Captrust Financial Advisors grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 93.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,256 shares of the utilities provider’s stock after purchasing an additional 32,035 shares during the period. Captrust Financial Advisors’ holdings in Entergy were worth $5,024,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position 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 purchasing an additional 10,697 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Entergy by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after acquiring an additional 1,354,355 shares during the period. Diversified Trust Co boosted its position in shares of Entergy by 119.4% during the 4th quarter. Diversified Trust Co now owns 6,002 shares of the utilities provider’s stock worth $455,000 after acquiring an additional 3,266 shares in the last quarter. Fortitude Family Office LLC increased its stake in Entergy by 131.8% in the fourth quarter. Fortitude Family Office LLC now owns 510 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 290 shares during the last quarter. Finally, ORG Partners LLC raised its position in Entergy by 98.1% during the fourth quarter. ORG Partners LLC now owns 846 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 419 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Down 0.5 %

Shares of ETR opened at $82.86 on Friday. The company has a market capitalization of $35.69 billion, a PE ratio of 34.03, a PEG ratio of 2.34 and a beta of 0.62. The stock’s 50-day moving average price is $83.07 and its two-hundred day moving average price is $79.58. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. 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 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 period in the prior year, the business posted $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 company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy’s dividend payout ratio is presently 77.92%.

Analysts Set New Price Targets

ETR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a research report on Thursday, January 30th. Barclays increased their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Entergy in a report on Wednesday, April 23rd. Finally, Evercore ISI increased their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.75.

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.