Alteri Wealth LLC Buys Shares of 5,589 Entergy Corporation (NYSE:ETR)

Alteri Wealth LLC purchased a new position in Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,589 shares of the utilities provider's stock, valued at approximately $424,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aptus Capital Advisors LLC raised its stake in Entergy by 153.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 9,459 shares of the utilities provider's stock valued at $717,000 after purchasing an additional 5,732 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in shares of Entergy by 100.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 9,942 shares of the utilities provider's stock worth $754,000 after buying an additional 4,971 shares in the last quarter. AXA S.A. raised its position in shares of Entergy by 331.4% in the fourth quarter. AXA S.A. now owns 156,294 shares of the utilities provider's stock valued at $11,850,000 after buying an additional 120,066 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Entergy by 111.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 253,663 shares of the utilities provider's stock valued at $19,233,000 after buying an additional 133,744 shares during the period. Finally, Keel Point LLC boosted its position in Entergy by 122.9% during the fourth quarter. Keel Point LLC now owns 7,051 shares of the utilities provider's stock worth $535,000 after acquiring an additional 3,888 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of NYSE ETR opened at $84.47 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38. The company has a market capitalization of $36.39 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 2.34 and a beta of 0.62. The business has a 50-day moving average of $83.33 and a 200-day moving average of $79.10.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly 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 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 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the business earned $0.54 EPS. On average, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 2.84%. Entergy's dividend payout ratio is currently 77.92%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ETR shares. Scotiabank reduced their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Barclays increased their price objective on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, UBS Group boosted their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.75.

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.

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.