Fort Washington Investment Advisors Inc. OH Sells 76,961 Shares of Entergy Corporation (NYSE:ETR)

Fort Washington Investment Advisors Inc. OH reduced its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 10.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 667,029 shares of the utilities provider's stock after selling 76,961 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.15% of Entergy worth $57,024,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ETR. LaFleur & Godfrey LLC purchased a new stake in shares of Entergy during the 4th quarter worth approximately $217,000. Brighton Jones LLC increased its stake in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after purchasing an additional 6,733 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of Entergy by 183.3% during the 4th quarter. Apollon Wealth Management LLC now owns 6,162 shares of the utilities provider's stock worth $467,000 after purchasing an additional 3,987 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Entergy by 104.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,720 shares of the utilities provider's stock worth $206,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Entergy by 78.6% during the 4th quarter. Stephens Inc. AR now owns 15,559 shares of the utilities provider's stock worth $1,180,000 after purchasing an additional 6,848 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Price Performance

NYSE:ETR traded up $1.07 during trading hours on Thursday, hitting $83.22. The stock had a trading volume of 2,574,970 shares, compared to its average volume of 3,598,707. The company has a 50 day simple moving average of $82.46 and a two-hundred day simple moving average of $81.12. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. The firm has a market capitalization of $35.85 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 2.34 and a beta of 0.59.

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 the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm earned $0.54 EPS. Research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy's payout ratio is 77.92%.

Wall Street Analyst Weigh In

ETR has been the subject of several research analyst reports. Evercore ISI raised their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Morgan Stanley restated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. UBS Group raised their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Barclays raised their price objective on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Wednesday, May 14th. Four equities research 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 company's stock. According to data from MarketBeat, the stock currently has an average 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.