Castlekeep Investment Advisors LLC Buys New Stake in Entergy Corporation (NYSE:ETR)

Castlekeep Investment Advisors LLC purchased a new position in Entergy Corporation (NYSE:ETR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,889 shares of the utilities provider's stock, valued at approximately $977,000.

Several other hedge funds have also recently added to or reduced their stakes in ETR. JPMorgan Chase & Co. boosted its stake 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 during the period. LaFleur & Godfrey LLC acquired a new position in Entergy in the 4th quarter worth approximately $217,000. Crossmark Global Holdings Inc. boosted its stake in Entergy by 65.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,009 shares of the utilities provider's stock worth $759,000 after purchasing an additional 3,960 shares during the period. Atomi Financial Group Inc. acquired a new position in Entergy in the 4th quarter worth approximately $251,000. Finally, SG Americas Securities LLC boosted its stake in Entergy by 280.9% in the 4th quarter. SG Americas Securities LLC now owns 9,468 shares of the utilities provider's stock worth $718,000 after purchasing an additional 6,982 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

ETR traded up $0.45 during trading on Thursday, hitting $82.26. The stock had a trading volume of 1,805,694 shares, compared to its average volume of 3,657,038. The firm has a market cap of $35.44 billion, a PE ratio of 33.78, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The company has a 50 day simple moving average of $82.80 and a 200-day simple moving average of $80.60.

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, topping 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 the consensus estimate of $3.13 billion. During the same quarter last year, the firm posted $0.54 EPS. Analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. Entergy's payout ratio is 77.92%.

Analyst Ratings Changes

A number of brokerages have issued reports on ETR. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lifted their target price 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. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Finally, UBS Group lifted their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Four equities 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. According to data from MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and a consensus target price 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.