Entergy Corporation (NYSE:ETR) Stock Position Raised by Baird Financial Group Inc.

Baird Financial Group Inc. raised its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 110.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,165 shares of the utilities provider's stock after purchasing an additional 33,745 shares during the quarter. Baird Financial Group Inc.'s holdings in Entergy were worth $4,865,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Fortis Group Advisors LLC lifted its stake in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares in the last quarter. NBT Bank N A NY boosted its holdings 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 during the period. Duncker Streett & Co. Inc. grew its position in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Sandy Spring Bank increased its stake in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares during the period. Finally, Riverview Trust Co lifted its position in Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Down 0.5 %

ETR stock opened at $82.86 on Friday. The business's 50-day simple moving average is $83.07 and its 200 day simple moving average is $79.58. 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 company has a market cap of $35.69 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (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 business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the previous year, the business posted $0.54 earnings per share. On average, research analysts anticipate 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. 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 yield of 2.90%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is 77.92%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ETR. BMO Capital Markets upped their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Barclays raised their price target on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. LADENBURG THALM/SH SH raised 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. Evercore ISI raised their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.75.

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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