Entergy Corporation (NYSE:ETR) Stock Position Raised by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 111.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,519 shares of the utilities provider's stock after purchasing an additional 118,350 shares during the quarter. Cetera Investment Advisers owned approximately 0.05% of Entergy worth $17,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. NBT Bank N A NY increased its stake 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 purchasing an additional 170 shares during the last quarter. Fortis Group Advisors LLC increased its stake in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the last quarter. Sandy Spring Bank increased its stake in Entergy by 100.0% during the fourth 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 last quarter. Finally, Riverview Trust Co increased its stake in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after acquiring an additional 182 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETR has been the subject of several research analyst reports. LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target for the company in a research note on Thursday, January 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. BMO Capital Markets upped their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Barclays upped their target price on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, UBS Group upped their target price on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Five equities 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.75.

Entergy Stock Performance

NYSE:ETR traded down $0.38 during trading hours on Tuesday, reaching $80.89. 3,921,654 shares of the stock were exchanged, compared to its average volume of 3,681,305. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a 50 day simple moving average of $83.00 and a 200-day simple moving average of $79.83. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The stock has a market capitalization of $34.85 billion, a P/E ratio of 33.22, a P/E/G ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last announced 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. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the firm earned $0.54 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is currently 77.92%.

About Entergy

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.