Drucker Wealth 3.0 LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 104.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,177 shares of the utilities provider's stock after acquiring an additional 31,236 shares during the quarter. Entergy accounts for about 1.1% of Drucker Wealth 3.0 LLC's investment portfolio, 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.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Legacy Financial Advisors Inc. increased its stake in shares of Entergy by 60.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after acquiring an additional 6,028 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Entergy in the fourth quarter valued at about $4,393,000. Flagship Harbor Advisors LLC increased its position in Entergy by 74.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after purchasing an additional 3,393 shares during the last quarter. LaFleur & Godfrey LLC purchased a new stake in shares of Entergy during the 4th quarter worth about $217,000. Finally, Bank of Montreal Can lifted its holdings in shares of Entergy by 74.3% during the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after buying an additional 286,005 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.
Entergy Stock Down 0.1%
NYSE ETR traded down $0.05 during trading hours on Tuesday, reaching $82.77. 2,406,131 shares of the company's stock were exchanged, compared to its average volume of 3,673,377. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $35.66 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The company's 50-day moving average is $82.88 and its two-hundred day moving average is $80.57. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38.
Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating 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 company had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.
Entergy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders 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 is 77.92%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Evercore ISI raised their target price on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. UBS Group increased their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. increased their target price on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a report on Thursday, January 30th. Finally, KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.04.
Read Our Latest Analysis on Entergy
About Entergy
(
Free Report)
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.
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