Entergy Corporation (NYSE:ETR) Shares Sold by GTS Securities LLC

GTS Securities LLC trimmed its position in Entergy Corporation (NYSE:ETR - Free Report) by 51.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,018 shares of the utilities provider's stock after selling 3,182 shares during the period. GTS Securities LLC's holdings in Entergy were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Entergy by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock worth $472,444,000 after purchasing an additional 1,354,355 shares during the period. LaFleur & Godfrey LLC acquired a new stake in Entergy during the 4th quarter worth about $217,000. Brighton Jones LLC grew its position in 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 period. Kingswood Wealth Advisors LLC grew its position in Entergy by 58.5% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 2,676 shares of the utilities provider's stock worth $203,000 after purchasing an additional 988 shares during the period. Finally, Blue Trust Inc. grew its position in Entergy by 44.3% during the 4th quarter. Blue Trust Inc. now owns 2,448 shares of the utilities provider's stock worth $186,000 after purchasing an additional 752 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ETR shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Evercore ISI increased their target price 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. Barclays increased their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $86.04.

Entergy Price Performance

Entergy stock traded down $0.25 during midday trading on Wednesday, reaching $82.68. The company had a trading volume of 465,973 shares, compared to its average volume of 3,625,038. The company has a market capitalization of $35.62 billion, a P/E ratio of 33.94, a P/E/G ratio of 2.34 and a beta of 0.62. 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 12-month low of $52.07 and a 12-month high of $88.38. The firm's fifty day simple moving average is $82.73 and its 200-day simple moving average is $80.88.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS 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 the consensus estimate of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the prior year, the firm earned $0.54 EPS. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

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