Fifth Third Wealth Advisors LLC Boosts Stock Position in Entergy Corporation (NYSE:ETR)

Fifth Third Wealth Advisors LLC increased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 54.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,772 shares of the utilities provider's stock after purchasing an additional 3,096 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Entergy were worth $750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 26,312,267 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after purchasing an additional 10,347,926 shares during the last quarter. FMR LLC raised its position in Entergy by 90.7% in the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after purchasing an additional 5,998,760 shares during the period. Ameriprise Financial Inc. lifted 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 during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Entergy by 106.2% in the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after purchasing an additional 5,271,559 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ETR shares. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research report on Wednesday, May 14th. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Barclays increased their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. boosted 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. Finally, Wells Fargo & Company lifted their price objective on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.04.

Entergy Stock Down 0.3%

NYSE:ETR traded down $0.26 during trading hours on Thursday, reaching $81.63. 1,735,082 shares of the company traded hands, compared to its average volume of 3,627,367. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The business's 50-day moving average price is $82.69 and its two-hundred day moving average price is $80.88. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38. The stock has a market capitalization of $35.16 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company earned $0.54 earnings per share. Analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders 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 annualized dividend and a yield of 2.94%. Entergy's 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.