Benjamin Edwards Inc. Has $5.55 Million Holdings in Entergy Corporation (NYSE:ETR)

Benjamin Edwards Inc. lifted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 92.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,232 shares of the utilities provider's stock after buying an additional 35,226 shares during the quarter. Benjamin Edwards Inc.'s holdings in Entergy were worth $5,552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Legacy Financial Advisors Inc. grew its stake in Entergy by 60.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock valued at $1,219,000 after acquiring an additional 6,028 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Entergy in the 4th quarter valued at $4,393,000. Flagship Harbor Advisors LLC increased its stake in Entergy by 74.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock valued at $603,000 after purchasing an additional 3,393 shares in the last quarter. LaFleur & Godfrey LLC bought a new position in shares of Entergy in the fourth quarter valued at $217,000. Finally, Bank of Montreal Can grew its holdings in shares of Entergy by 74.3% during the fourth quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after buying an additional 286,005 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

ETR has been the topic of several recent research reports. Wells Fargo & Company raised their price target on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Evercore ISI lifted their target price on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. UBS Group increased their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Finally, BMO Capital Markets raised 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. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.75.

Entergy Trading Down 0.1 %

NYSE:ETR opened at $84.42 on Tuesday. The firm's 50 day moving average is $83.29 and its 200 day moving average is $79.30. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The stock has a market capitalization of $36.36 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. 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 (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is currently 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.

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