Entergy Corporation (NYSE:ETR) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 119.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,596 shares of the utilities provider's stock after buying an additional 6,869 shares during the period. Coldstream Capital Management Inc.'s holdings in Entergy were worth $955,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ETR. Hall Laurie J Trustee lifted its stake in shares of Entergy by 50.0% in the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock worth $34,000 after acquiring an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Entergy by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock worth $2,224,000 after purchasing an additional 162 shares in the last quarter. NBT Bank N A NY lifted its position 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 period. Fortis Group Advisors LLC boosted its holdings in Entergy by 100.0% in 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 in the last quarter. Finally, Legacy Investment Solutions LLC increased its position in Entergy by 85.1% during the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ETR shares. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday. LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target for the company in a report on Thursday, January 30th. UBS Group boosted their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.75.

Entergy Price Performance

Entergy stock traded up $1.10 during mid-day trading on Friday, hitting $84.47. 2,919,786 shares of the company were exchanged, compared to its average volume of 3,679,045. 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 12-month low of $52.07 and a 12-month high of $88.38. The business's 50 day simple moving average is $83.35 and its two-hundred day simple moving average is $78.90. The company has a market capitalization of $36.39 billion, a P/E ratio of 34.69, a PEG ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $0.54 EPS. Analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is presently 98.77%.

Entergy 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.