Entergy Corporation (NYSE:ETR) Shares Acquired by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC increased its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 179.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,580 shares of the utilities provider's stock after acquiring an additional 3,582 shares during the period. Beverly Hills Private Wealth LLC's holdings in Entergy were worth $423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ETR. Hall Laurie J Trustee grew its stake in Entergy by 50.0% in the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Entergy by 0.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock valued at $2,224,000 after purchasing an additional 162 shares during the period. NBT Bank N A NY increased its stake in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Fortis Group Advisors LLC raised its position in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares during the last quarter. Finally, Legacy Investment Solutions LLC lifted its stake in Entergy by 85.1% in the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock valued at $31,000 after buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ETR. Scotiabank reduced their price objective on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. UBS Group increased their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. BMO Capital Markets boosted their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Wells Fargo & Company increased their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, Evercore ISI boosted 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. Five 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $85.75.

Entergy Stock Performance

Entergy stock opened at $84.47 on Monday. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week 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 stock has a fifty day moving average of $83.33 and a two-hundred day moving average of $79.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR - Get Free Report) last announced 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. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business earned $0.54 earnings per share. On average, analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.84%. Entergy's dividend payout ratio is presently 77.92%.

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.

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