Continuum Advisory LLC Has $958,000 Stock Holdings in Entergy Corporation (NYSE:ETR)

Continuum Advisory LLC raised its position in Entergy Corporation (NYSE:ETR - Free Report) by 109.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,632 shares of the utilities provider's stock after acquiring an additional 6,587 shares during the quarter. Continuum Advisory LLC's holdings in Entergy were worth $958,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Entergy by 101.9% during the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. Bank of America Corp DE increased its position in shares of Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after purchasing an additional 10,347,926 shares during the last quarter. 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 worth $976,895,000 after purchasing an additional 5,368,396 shares in the last quarter. FMR LLC lifted its holdings in Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after buying an additional 5,998,760 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Entergy by 66.7% during 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 purchasing an additional 4,418,528 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

Entergy stock traded up $0.04 during mid-day trading on Tuesday, reaching $82.86. The company had a trading volume of 830,790 shares, compared to its average volume of 3,667,248. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The firm has a market cap of $35.70 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 2.34 and a beta of 0.62. The company has a 50 day moving average of $82.88 and a 200-day moving average of $80.57. 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 released its quarterly earnings data 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 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 period in the prior year, the company posted $0.54 EPS. On average, sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Friday, May 2nd. Entergy's payout ratio is 77.92%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ETR. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Wednesday, May 14th. Barclays increased their target price on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets increased their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Evercore ISI raised their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $86.04.

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.