Entergy Corporation (NYSE:ETR) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in Entergy Corporation (NYSE:ETR - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,337 shares of the utilities provider's stock after acquiring an additional 6,811 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Entergy were worth $8,835,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ETR. Gen Wealth Partners Inc raised its holdings in Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock worth $51,000 after purchasing an additional 144 shares in the last quarter. NBT Bank N A NY raised its holdings in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Legacy Investment Solutions LLC raised its holdings in Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after purchasing an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. raised its holdings in Entergy by 100.0% during 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 in the last quarter. Finally, Sandy Spring Bank raised its holdings in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

Shares of ETR opened at $82.65 on Tuesday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82. The stock has a market capitalization of $35.60 billion, a P/E ratio of 26.83, a P/E/G ratio of 2.21 and a beta of 0.60. The company's fifty day moving average is $82.68 and its two-hundred day moving average is $81.44. 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 announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 11.26% and a return on equity of 11.43%. The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the previous year, the company posted $0.54 EPS. On average, sell-side analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.90%. Entergy's dividend payout ratio (DPR) is presently 77.92%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a report on Wednesday, May 14th. Raymond James Financial initiated coverage on shares of Entergy in a report on Friday, June 13th. They set a "market perform" rating on the stock. Morgan Stanley cut their target price on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Barclays lifted their target price on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, BMO Capital Markets lifted their target price on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Entergy has an average rating of "Moderate Buy" and a consensus price target of $86.25.

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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