Drucker Wealth 3.0 LLC Buys 31,236 Shares of Entergy Corporation (NYSE:ETR)

Drucker Wealth 3.0 LLC boosted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 104.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,177 shares of the utilities provider's stock after purchasing an additional 31,236 shares during the quarter. Entergy comprises 1.1% of Drucker Wealth 3.0 LLC's holdings, making the stock its 28th largest holding. Drucker Wealth 3.0 LLC's holdings in Entergy were worth $4,638,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. Bank of America Corp DE grew its stake in Entergy by 142.8% in the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after acquiring an additional 10,347,926 shares during the period. Ameriprise Financial Inc. grew its stake in Entergy by 71.4% in the fourth 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 during the period. FMR LLC grew its stake in Entergy by 90.7% in the fourth 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 period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Entergy by 66.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after acquiring an additional 4,418,528 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on ETR shares. UBS Group raised their price objective on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets raised their price objective on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Entergy has an average rating of "Moderate Buy" and an average target price of $86.04.

Entergy Stock Down 1.2%

ETR stock traded down $0.97 during trading on Wednesday, reaching $81.81. The stock had a trading volume of 1,952,318 shares, compared to its average volume of 3,666,519. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The company's 50 day moving average is $82.84 and its two-hundred day moving average is $80.59. The company has a market capitalization of $35.24 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data 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. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm posted $0.54 EPS. Equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is currently 77.92%.

Entergy Company 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.