5,765 Shares in Entergy Corporation (NYSE:ETR) Bought by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,765 shares of the utilities provider's stock, valued at approximately $493,000.

Several other large investors have also recently made changes to their positions in ETR. Acropolis Investment Management LLC raised its stake in shares of Entergy by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock worth $1,535,000 after acquiring an additional 129 shares in the last quarter. Gen Wealth Partners Inc lifted its stake in Entergy by 27.5% in the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock worth $51,000 after purchasing an additional 144 shares during the last quarter. NBT Bank N A NY boosted its position in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after buying an additional 170 shares during the period. Fortis Group Advisors LLC grew its stake in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after buying an additional 172 shares during the last quarter. Finally, Legacy Investment Solutions LLC increased its holdings in shares of Entergy by 85.1% in the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after buying an additional 172 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of ETR stock opened at $81.98 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 52 week low of $52.07 and a 52 week high of $88.38. The firm has a market capitalization of $35.31 billion, a PE ratio of 33.67, a P/E/G ratio of 2.34 and a beta of 0.59. The company has a 50 day moving average price of $82.60 and a 200-day moving average price of $81.24.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the company posted $0.54 EPS. As a group, equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.93%. Entergy's dividend payout ratio (DPR) is 77.92%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ETR shares. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Wednesday, May 14th. Evercore ISI raised their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Raymond James started coverage on shares of Entergy in a report on Friday. They set a "market perform" rating for the company. Wells Fargo & Company increased their price target on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Barclays boosted their price objective on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Five investment 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.04.

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.

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.