Bartlett & CO. Wealth Management LLC Boosts Stake in Entergy Corporation (NYSE:ETR)

Bartlett & CO. Wealth Management LLC raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 138.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,646 shares of the utilities provider's stock after purchasing an additional 4,446 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Entergy were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Diversified Trust Co increased its position in shares of Entergy by 15.0% in the 1st quarter. Diversified Trust Co now owns 6,900 shares of the utilities provider's stock valued at $590,000 after acquiring an additional 898 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in Entergy during the 1st quarter valued at approximately $217,000. Bank of Stockton boosted its holdings in shares of Entergy by 5.0% in the 1st quarter. Bank of Stockton now owns 8,442 shares of the utilities provider's stock valued at $722,000 after acquiring an additional 401 shares during the last quarter. KG&L Capital Management LLC acquired a new position in Entergy during the first quarter valued at $239,000. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Entergy by 30.6% in the first quarter. Sequoia Financial Advisors LLC now owns 6,879 shares of the utilities provider's stock worth $588,000 after buying an additional 1,611 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Down 1.3%

Entergy stock traded down $1.07 during trading on Wednesday, hitting $81.46. The company had a trading volume of 980,311 shares, compared to its average volume of 3,579,203. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. The company's 50 day simple moving average is $82.66 and its 200-day simple moving average is $81.73. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38. The stock has a market cap of $35.09 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.26 and a beta of 0.59.

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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.95%. Entergy's payout ratio is currently 77.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ETR shares. Morgan Stanley decreased their price target on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. BMO Capital Markets increased their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. UBS Group raised their target price on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. 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, JPMorgan Chase & Co. increased their target price on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.25.

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.