Entergy Corporation (NYSE:ETR) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lessened its stake in Entergy Corporation (NYSE:ETR - Free Report) by 11.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 320,356 shares of the utilities provider's stock after selling 40,146 shares during the period. Entergy comprises approximately 1.1% of Braun Stacey Associates Inc.'s portfolio, making the stock its 28th largest position. Braun Stacey Associates Inc. owned 0.07% of Entergy worth $27,387,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after acquiring an additional 6,733 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Entergy by 7.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 8,523 shares of the utilities provider's stock worth $646,000 after acquiring an additional 566 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Entergy by 180.3% in the fourth quarter. Fisher Asset Management LLC now owns 6,585 shares of the utilities provider's stock worth $499,000 after acquiring an additional 4,236 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Entergy by 117.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,812 shares of the utilities provider's stock worth $137,000 after acquiring an additional 977 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Entergy by 253.7% in the fourth quarter. Jones Financial Companies Lllp now owns 15,950 shares of the utilities provider's stock worth $1,209,000 after acquiring an additional 11,441 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Barclays lifted their price objective on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Raymond James Financial assumed coverage on shares of Entergy in a research report on Friday, June 13th. They set a "market perform" rating for the company. Finally, BMO Capital Markets lifted their price objective on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Six equities 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $86.25.

Entergy Price Performance

Entergy stock traded up $0.83 during mid-day trading on Friday, reaching $82.15. The company had a trading volume of 1,120,750 shares, compared to its average volume of 3,575,509. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38. 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 company has a market capitalization of $35.39 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.23 and a beta of 0.59. The stock's 50-day simple moving average is $82.49 and its 200-day simple moving average is $81.94.

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

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were issued a $0.60 dividend. 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 2.92%. Entergy's dividend payout ratio (DPR) is presently 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.