Strategic Wealth Partners Ltd. Increases Position in Entergy Corporation (NYSE:ETR)

Strategic Wealth Partners Ltd. boosted its position in Entergy Corporation (NYSE:ETR) by 111.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,896 shares of the utilities provider’s stock after purchasing an additional 3,108 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Entergy were worth $491,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank lifted its stake in Entergy by 17.9% in the fourth quarter. Toronto Dominion Bank now owns 148,301 shares of the utilities provider’s stock valued at $11,244,000 after purchasing an additional 22,559 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of Entergy by 100.0% during the fourth quarter. Systematic Financial Management LP now owns 15,510 shares of the utilities provider’s stock worth $1,176,000 after acquiring an additional 7,755 shares in the last quarter. Snowden Capital Advisors LLC lifted its position in shares of Entergy by 52.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,486 shares of the utilities provider’s stock worth $492,000 after acquiring an additional 2,245 shares in the last quarter. Siemens Fonds Invest GmbH bought a new position in shares of Entergy in the fourth quarter worth $1,052,000. Finally, Shell Asset Management Co. increased its holdings in shares of Entergy by 100.0% in the fourth quarter. Shell Asset Management Co. now owns 12,214 shares of the utilities provider’s stock worth $926,000 after purchasing an additional 6,107 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Entergy stock opened at $83.10 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average of $83.03 and a 200-day moving average of $80.16. The firm has a market cap of $35.80 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the business posted $0.54 earnings per share. Sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.89%. Entergy’s dividend payout ratio (DPR) is presently 77.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ETR shares. Evercore ISI upped their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Wells Fargo & Company increased their target price on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. increased their target price on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. UBS Group increased their target price on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Finally, KeyCorp upgraded shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price target for the company in a research report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.04.

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.