Entergy Corporation (NYSE:ETR) Holdings Lifted by Gen Wealth Partners Inc

Gen Wealth Partners Inc raised its stake in Entergy Corporation (NYSE:ETR) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 668 shares of the utilities provider’s stock after buying an additional 144 shares during the period. Gen Wealth Partners Inc’s holdings in Entergy were worth $51,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. NBT Bank N A NY increased its position in shares of Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Fortis Group Advisors LLC lifted its holdings 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 purchasing an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. lifted its holdings in shares of 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 purchasing an additional 179 shares in the last quarter. Sandy Spring Bank boosted its position in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares during the period. Finally, Riverview Trust Co grew its holdings in shares of Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock valued at $28,000 after buying an additional 182 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley reiterated an “overweight” rating on shares of Entergy in a research note on Wednesday, April 23rd. Evercore ISI lifted their target price 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. BMO Capital Markets upped their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their price objective on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.75.

Entergy Price Performance

Shares of Entergy stock opened at $82.86 on Friday. The firm has a market cap of $35.69 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The firm’s 50-day simple moving average is $83.07 and its 200-day simple moving average is $79.66. Entergy Corporation has a twelve month low of $52.07 and a twelve month 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 released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.22. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the prior year, the company posted $0.54 EPS. As a group, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. Entergy’s dividend 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.