Entergy Corporation (NYSE:ETR) Shares Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its stake in Entergy Corporation (NYSE:ETR - Free Report) by 84.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,140 shares of the utilities provider's stock after buying an additional 11,064 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Entergy were worth $1,830,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock worth $472,444,000 after purchasing an additional 1,354,355 shares in the last quarter. LaFleur & Godfrey LLC acquired a new position in shares of Entergy in the 4th quarter valued at $217,000. Atomi Financial Group Inc. purchased a new stake in Entergy during the fourth quarter worth $251,000. SG Americas Securities LLC boosted its holdings in Entergy by 280.9% during the fourth quarter. SG Americas Securities LLC now owns 9,468 shares of the utilities provider's stock worth $718,000 after buying an additional 6,982 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in Entergy by 324.3% during the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock valued at $56,000 after buying an additional 561 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Wednesday, May 14th. Evercore ISI boosted their price target 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. JPMorgan Chase & Co. raised their price target on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. Four research 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. Based on data from MarketBeat.com, Entergy has a consensus rating of "Moderate Buy" and an average target price of $86.04.

Entergy Trading Up 0.6%

NYSE:ETR traded up $0.45 during trading hours on Thursday, hitting $82.26. The company had a trading volume of 1,805,694 shares, compared to its average volume of 3,657,038. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38. The company has a market cap of $35.44 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.34 and a beta of 0.62. The company has a 50-day moving average of $82.80 and a 200 day moving average of $80.60. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the previous year, the company posted $0.54 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company 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. The ex-dividend date is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. Entergy's dividend payout ratio (DPR) is 77.92%.

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.