Shepherd Financial Partners LLC Purchases 833 Shares of Entergy Corporation (NYSE:ETR)

Shepherd Financial Partners LLC grew its position in Entergy Corporation (NYSE:ETR) by 5.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 15,560 shares of the utilities provider’s stock after purchasing an additional 833 shares during the period. Shepherd Financial Partners LLC’s holdings in Entergy were worth $1,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fortis Group Advisors LLC lifted its position in Entergy by 100.0% during 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 period. NBT Bank N A NY lifted its holdings in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares during the period. Duncker Streett & Co. Inc. boosted its stake in 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 acquiring an additional 179 shares during the last quarter. Sandy Spring Bank grew its holdings in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 179 shares during the period. Finally, Glen Eagle Advisors LLC grew its holdings in Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 180 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 0.9%

Shares of NYSE:ETR opened at $80.97 on Wednesday. The firm has a market cap of $34.88 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.23 and a beta of 0.59. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The company’s fifty day simple moving average is $82.67 and its 200 day simple moving average is $81.26. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.22. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same quarter in the prior year, the company earned $0.54 EPS. As a group, research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.96%. The ex-dividend date was Friday, May 2nd. Entergy’s payout ratio is 77.92%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ETR shares. JPMorgan Chase & Co. increased their price target on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Evercore ISI raised their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Raymond James Financial started coverage on Entergy in a research report on Friday, June 13th. They set a “market perform” rating for the company. BMO Capital Markets increased their price target on shares of Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Finally, KeyCorp raised shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research note on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.