Css LLC Il Acquires 6,495 Shares of Entergy Corporation (NYSE:ETR)

CSS LLC IL grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 118.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,990 shares of the utilities provider's stock after purchasing an additional 6,495 shares during the quarter. CSS LLC IL's holdings in Entergy were worth $909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETR. JPMorgan Chase & Co. lifted its stake in shares of Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock valued at $472,444,000 after purchasing an additional 1,354,355 shares during the period. Merit Financial Group LLC lifted its stake in shares of Entergy by 299.4% in the 4th quarter. Merit Financial Group LLC now owns 7,833 shares of the utilities provider's stock valued at $594,000 after purchasing an additional 5,872 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Entergy by 28.1% in the 4th quarter. Arkadios Wealth Advisors now owns 5,786 shares of the utilities provider's stock valued at $439,000 after purchasing an additional 1,268 shares during the period. HB Wealth Management LLC raised its stake in Entergy by 171.3% during the 4th quarter. HB Wealth Management LLC now owns 11,201 shares of the utilities provider's stock worth $849,000 after buying an additional 7,073 shares during the period. Finally, Diversify Wealth Management LLC raised its stake in Entergy by 93.2% during the 4th quarter. Diversify Wealth Management LLC now owns 3,651 shares of the utilities provider's stock worth $278,000 after buying an additional 1,761 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. BMO Capital Markets upped their price target on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Wells Fargo & Company upped their price target on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Finally, UBS Group upped their price target on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Entergy has a consensus rating of "Moderate Buy" and a consensus price target of $86.04.

Entergy Stock Up 1.8%

Shares of Entergy stock traded up $1.50 on Friday, hitting $82.78. The company had a trading volume of 1,945,204 shares, compared to its average volume of 3,678,466. The stock has a market capitalization of $35.66 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38. The stock has a 50 day moving average of $82.92 and a 200-day moving average of $80.46. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.60 by $0.22. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share 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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, May 2nd. 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.