AE Wealth Management LLC Has $19.52 Million Holdings in Entergy Corporation (NYSE:ETR)

AE Wealth Management LLC trimmed its stake in Entergy Corporation (NYSE:ETR - Free Report) by 10.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 228,291 shares of the utilities provider's stock after selling 27,495 shares during the quarter. AE Wealth Management LLC owned 0.05% of Entergy worth $19,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after buying an additional 10,347,926 shares during the period. FMR LLC raised its holdings in Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after purchasing an additional 5,998,760 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Entergy by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock worth $976,895,000 after purchasing an additional 5,368,396 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Entergy by 106.2% during the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after buying an additional 5,271,559 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Entergy by 66.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock worth $837,216,000 after buying an additional 4,418,528 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

ETR has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price objective on Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Barclays decreased their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. BMO Capital Markets boosted their price objective on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Raymond James Financial assumed coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $86.46.

Entergy Stock Performance

NYSE ETR traded up $0.05 on Friday, reaching $88.20. The stock had a trading volume of 1,804,809 shares, compared to its average volume of 3,645,497. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.82 and a quick ratio of 0.55. The firm has a fifty day moving average of $82.83 and a two-hundred day moving average of $82.68. Entergy Corporation has a 1-year low of $56.00 and a 1-year high of $89.35. The company has a market cap of $37.99 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 11.43% and a net margin of 11.26%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the firm posted $0.54 EPS. On average, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.72%. Entergy's dividend payout ratio is 77.92%.

About Entergy

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.