Aegis Wealth Management LLC Makes New $394,000 Investment in Entergy Corporation (NYSE:ETR)

Aegis Wealth Management LLC purchased a new position in Entergy Corporation (NYSE:ETR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,198 shares of the utilities provider's stock, valued at approximately $394,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETR. Legacy Financial Advisors Inc. grew its holdings in shares of Entergy by 60.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after purchasing an additional 6,028 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Entergy in the 4th quarter worth about $4,393,000. Flagship Harbor Advisors LLC raised its position in shares of Entergy by 74.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after purchasing an additional 3,393 shares during the last quarter. LaFleur & Godfrey LLC purchased a new position in shares of Entergy in the 4th quarter worth about $217,000. Finally, Bank of Montreal Can raised its position in Entergy by 74.3% in the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock worth $50,869,000 after buying an additional 286,005 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of ETR traded up $0.84 on Friday, reaching $83.20. The stock had a trading volume of 4,051,049 shares, compared to its average volume of 3,645,530. 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 $35.84 billion, a PE ratio of 34.17, a PEG ratio of 2.34 and a beta of 0.62. The firm has a 50-day moving average of $82.77 and a 200 day moving average of $80.80. 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 (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the firm earned $0.54 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is currently 77.92%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ETR. Barclays boosted their price target on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their price target on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a report on Wednesday, May 14th. Finally, UBS Group increased their price target 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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $86.04.

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.