Fiduciary Trust Co Acquires 5,626 Shares of Entergy Corporation (NYSE:ETR)

Fiduciary Trust Co grew its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 100.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,244 shares of the utilities provider's stock after acquiring an additional 5,626 shares during the quarter. Fiduciary Trust Co's holdings in Entergy were worth $853,000 at the end of the most recent quarter.

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

Entergy Trading Down 0.5%

NYSE ETR opened at $82.86 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38. The firm has a market capitalization of $35.69 billion, a PE ratio of 34.03, a P/E/G ratio of 2.34 and a beta of 0.62. The stock's 50 day moving average is $83.07 and its 200 day moving average is $79.74.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 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 business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the company posted $0.54 earnings per share. Research 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. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio is currently 77.92%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group lifted their price target on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. BMO Capital Markets lifted their price target on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Wells Fargo & Company boosted their target price on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, Evercore ISI boosted their target price on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.75.

Entergy Company 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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