Entergy Corporation (NYSE:ETR) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 25.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,470 shares of the utilities provider's stock after buying an additional 15,892 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Entergy were worth $6,708,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after buying an additional 26,312,267 shares in the last quarter. Bank of America Corp DE boosted its position in Entergy by 142.8% during the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after acquiring an additional 10,347,926 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Entergy by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock valued at $976,895,000 after acquiring an additional 5,368,396 shares in the last quarter. FMR LLC raised its holdings in Entergy by 90.7% in the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after acquiring an additional 5,998,760 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Entergy by 66.7% in 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 purchasing an additional 4,418,528 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Trading Up 0.8%

NYSE ETR traded up $0.64 on Friday, reaching $82.50. The stock had a trading volume of 3,221,418 shares, compared to its average volume of 3,588,391. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91. The stock has a fifty day moving average price of $82.63 and a two-hundred day moving average price of $81.50. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38. The firm has a market capitalization of $35.54 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.22 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business earned $0.54 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.91%. Entergy's dividend payout ratio is presently 77.92%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ETR. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Wednesday, May 14th. Morgan Stanley cut their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Barclays lifted their price target on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets lifted 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. Six investment 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.25.

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.