Whipplewood Advisors LLC Boosts Stock Position in Entergy Corporation (NYSE:ETR)

Whipplewood Advisors LLC raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 22,232.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,190 shares of the utilities provider's stock after acquiring an additional 60,916 shares during the period. Entergy makes up about 1.6% of Whipplewood Advisors LLC's portfolio, making the stock its 10th biggest holding. Whipplewood Advisors LLC's holdings in Entergy were worth $5,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Financial Advisors Inc. raised its holdings in shares of Entergy by 60.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after buying an additional 6,028 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Entergy during the 4th quarter worth $4,393,000. LaFleur & Godfrey LLC acquired a new position in shares of Entergy during the 4th quarter worth $217,000. Bank of Montreal Can raised 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 worth $50,869,000 after buying an additional 286,005 shares in the last quarter. Finally, Braun Stacey Associates Inc. raised its holdings in shares of Entergy by 88.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider's stock worth $27,333,000 after buying an additional 169,511 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading Up 0.4%

Shares of NYSE ETR traded up $0.31 during trading on Friday, reaching $82.11. The company had a trading volume of 2,381,510 shares, compared to its average volume of 3,619,345. The company's fifty day moving average price is $82.54 and its 200-day moving average price is $80.98. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The stock has a market cap of $35.37 billion, a P/E ratio of 33.72, a PEG ratio of 2.34 and a beta of 0.62. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

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, beating the consensus estimate of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned $0.54 EPS. As a group, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. Entergy's payout ratio is 77.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ETR shares. UBS Group boosted their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a research report on Wednesday, May 14th. JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. BMO Capital Markets boosted their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley restated an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $86.04.

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.