Entergy Corporation (NYSE:ETR) Shares Bought by Principal Street Partners LLC

Principal Street Partners LLC increased its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 99.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,581 shares of the utilities provider's stock after acquiring an additional 48,077 shares during the period. Entergy makes up about 1.4% of Principal Street Partners LLC's investment portfolio, making the stock its 14th largest position. Principal Street Partners LLC's holdings in Entergy were worth $7,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock valued at $472,444,000 after acquiring an additional 1,354,355 shares in the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Entergy by 79.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 2,836 shares of the utilities provider's stock valued at $215,000 after purchasing an additional 1,258 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of Entergy by 24.3% in the fourth quarter. Procyon Advisors LLC now owns 4,241 shares of the utilities provider's stock valued at $322,000 after purchasing an additional 829 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Entergy by 99.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,238 shares of the utilities provider's stock worth $852,000 after buying an additional 5,602 shares during the period. Finally, Merit Financial Group LLC grew its holdings in shares of Entergy by 299.4% during the fourth quarter. Merit Financial Group LLC now owns 7,833 shares of the utilities provider's stock valued at $594,000 after buying an additional 5,872 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

Shares of ETR opened at $82.95 on Tuesday. The business has a 50-day moving average of $83.04 and a 200-day moving average of $80.23. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The company has a market capitalization of $35.73 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38.

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

Entergy Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.89%. Entergy's payout ratio is presently 77.92%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ETR. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Wednesday, May 14th. UBS Group increased their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Barclays boosted their target price on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. BMO Capital Markets upped their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Four 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.

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