Good Steward Wealth Advisors LLC Takes Position in Entergy Corporation (NYSE:ETR)

Good Steward Wealth Advisors LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,220 shares of the utilities provider's stock, valued at approximately $361,000.

Several other large investors also recently bought and sold shares of ETR. NBT Bank N A NY increased its holdings in shares of Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Duncker Streett & Co. Inc. increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares during the last quarter. Sandy Spring Bank increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares during the last quarter. Glen Eagle Advisors LLC increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 180 shares during the last quarter. Finally, Riverview Trust Co increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

Entergy stock traded up $1.68 during mid-day trading on Monday, reaching $82.65. 2,566,760 shares of the company were exchanged, compared to its average volume of 3,591,593. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38. The firm's 50-day simple moving average is $82.68 and its two-hundred day simple moving average is $81.44. 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 cap of $35.60 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 2.21 and a beta of 0.60.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.13 billion. During the same period last year, the firm earned $0.54 EPS. Equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. Entergy's dividend payout ratio is currently 77.92%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ETR shares. Morgan Stanley dropped their price objective on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Raymond James Financial initiated coverage on Entergy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. 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 note on Wednesday, May 14th. JPMorgan Chase & Co. raised their price target on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets raised their price target on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.