Accurate Wealth Management LLC Purchases Shares of 34,045 Entergy Corporation (NYSE:ETR)

Accurate Wealth Management LLC bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,045 shares of the utilities provider's stock, valued at approximately $2,782,000.

Other large investors have also added to or reduced their stakes in the company. Gen Wealth Partners Inc grew its stake in Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock worth $51,000 after buying an additional 144 shares in the last quarter. NBT Bank N A NY boosted its holdings in shares of Entergy by 100.0% in the 4th 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 in the last quarter. Fortis Group Advisors LLC boosted its holdings in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. Legacy Investment Solutions LLC boosted its stake in Entergy by 85.1% in the fourth 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. Finally, Duncker Streett & Co. Inc. boosted its stake in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ETR. Wells Fargo & Company raised their price target on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised their target price on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Evercore ISI raised their target price 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. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Finally, UBS Group raised their price objective on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $86.04.

Entergy Trading Up 1.4%

Shares of Entergy stock traded up $1.17 during midday trading on Thursday, reaching $83.32. The company had a trading volume of 1,284,094 shares, compared to its average volume of 3,889,889. The stock has a fifty day moving average price of $82.46 and a 200 day moving average price of $81.12. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The firm has a market cap of $35.89 billion, a PE ratio of 34.22, a P/E/G ratio of 2.34 and a beta of 0.59. Entergy Corporation has a fifty-two week low of $52.06 and a fifty-two week high of $88.38.

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

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend was Friday, May 2nd. 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.