Drucker Wealth 3.0 LLC Increases Stock Holdings in Entergy Corporation (NYSE:ETR)

Drucker Wealth 3.0 LLC grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 104.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 61,177 shares of the utilities provider's stock after purchasing an additional 31,236 shares during the period. Entergy makes up about 1.1% of Drucker Wealth 3.0 LLC's portfolio, making the stock its 28th biggest position. Drucker Wealth 3.0 LLC's holdings in Entergy were worth $4,638,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ETR. NBT Bank N A NY boosted its holdings in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares during the last quarter. Fortis Group Advisors LLC raised its stake in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Sandy Spring Bank lifted its holdings in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the period. Finally, Glen Eagle Advisors LLC boosted its position in shares of Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ETR. Wells Fargo & Company lifted their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. upped their target price on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. BMO Capital Markets upped their price target on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Evercore ISI increased 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. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.04.

Entergy Stock Up 0.6%

Shares of Entergy stock traded up $0.50 during trading on Thursday, hitting $82.31. 709,963 shares of the stock were exchanged, compared to its average volume of 3,652,870. The stock has a market cap of $35.46 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The firm's 50-day moving average price is $82.80 and its 200 day moving average price is $80.60. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period last year, the firm posted $0.54 EPS. As a group, analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a $0.60 dividend. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.92%. Entergy's payout ratio is 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.