Ethic Inc. Purchases Shares of 13,446 Entergy Corporation (NYSE:ETR)

Ethic Inc. acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,446 shares of the utilities provider's stock, valued at approximately $1,019,000.

Several other institutional investors also recently modified their holdings of the business. Fortis Group Advisors LLC increased its holdings 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 buying an additional 172 shares during the last quarter. NBT Bank N A NY lifted 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. Duncker Streett & Co. Inc. grew its holdings 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 during the period. Sandy Spring Bank raised its stake in shares of Entergy by 100.0% in the fourth 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 shares of Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after buying an additional 182 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ETR. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Barclays upped their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. UBS Group raised their price target on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. JPMorgan Chase & Co. upped their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.04.

Entergy Stock Down 0.2%

Shares of NYSE ETR traded down $0.20 during midday trading on Monday, reaching $82.94. 655,121 shares of the company's stock were exchanged, compared to its average volume of 3,676,613. The stock has a market capitalization of $35.73 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The business's fifty day moving average price is $83.03 and its two-hundred day moving average price is $80.16. 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 Corporation has a 52-week low of $52.07 and a 52-week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company earned $0.54 EPS. Analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be issued a $0.60 dividend. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. Entergy's dividend payout ratio is 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.