Entergy Corporation (NYSE:ETR) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 20.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,668 shares of the utilities provider's stock after selling 9,657 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Entergy were worth $3,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. NBT Bank N A NY grew its position in Entergy by 100.0% during the 4th 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. Grove Bank & Trust boosted its position in shares of Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock worth $30,000 after buying an additional 230 shares during the period. Duncker Streett & Co. Inc. grew its holdings in shares of Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. Sandy Spring Bank raised its position in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares during the period. Finally, Glen Eagle Advisors LLC lifted its stake in Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ETR shares. Barclays lifted their price target on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley reduced their target price on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Wednesday, May 14th. Finally, Raymond James Financial began coverage on shares of Entergy in a report on Friday, June 13th. They issued a "market perform" rating for the company. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.25.

Entergy Stock Up 0.1%

Shares of NYSE:ETR opened at $80.99 on Monday. The firm has a fifty day moving average of $82.68 and a 200 day moving average of $81.39. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. 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 firm has a market capitalization of $34.89 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.21 and a beta of 0.60.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, May 2nd. Entergy's dividend payout ratio is currently 77.92%.

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.

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