Entergy Corporation (NYSE:ETR) Shares Sold by Burney Co.

Burney Co. lowered its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 28.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,131 shares of the utilities provider's stock after selling 8,316 shares during the period. Burney Co.'s holdings in Entergy were worth $1,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Glen Eagle Advisors LLC boosted its stake in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after buying an additional 180 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Entergy during the first quarter worth $28,000. Glass Jacobson Investment Advisors llc purchased a new stake in Entergy in the fourth quarter valued at $29,000. MV Capital Management Inc. raised its position in Entergy by 103.6% in the fourth quarter. MV Capital Management Inc. now owns 399 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 203 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new stake in Entergy in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on ETR. Barclays reduced their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. JPMorgan Chase & Co. lifted their target price on Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. KeyCorp lifted their target price on Entergy from $85.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Raymond James Financial began coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating on the stock. Finally, BMO Capital Markets boosted their price objective on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Six investment 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 stock. Based on data from MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and an average price target of $86.46.

Entergy Stock Up 0.1%

NYSE ETR traded up $0.05 during trading hours on Friday, hitting $88.20. 1,804,809 shares of the company were exchanged, compared to its average volume of 2,388,739. The company has a 50 day moving average of $82.94 and a two-hundred day moving average of $82.76. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91. Entergy Corporation has a 52-week low of $56.00 and a 52-week high of $89.35. The firm has a market cap of $37.99 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 2.40 and a beta of 0.59.

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 the consensus estimate of $0.60 by $0.22. Entergy had a return on equity of 11.43% and a net margin of 11.26%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the business earned $0.54 EPS. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.72%. Entergy's dividend payout ratio is currently 77.92%.

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.