Integrated Advisors Network LLC Boosts Holdings in Entergy Corporation (NYSE:ETR)

Integrated Advisors Network LLC grew its position in Entergy Corporation (NYSE:ETR - Free Report) by 73.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,228 shares of the utilities provider's stock after purchasing an additional 7,742 shares during the period. Integrated Advisors Network LLC's holdings in Entergy were worth $1,382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gen Wealth Partners Inc increased its holdings in Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock worth $51,000 after buying an additional 144 shares during the last quarter. NBT Bank N A NY increased its holdings in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after buying an additional 170 shares during the last quarter. Fortis Group Advisors LLC increased its holdings in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after buying an additional 172 shares during the last quarter. Legacy Investment Solutions LLC increased its holdings in Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after buying an additional 172 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its holdings in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ETR shares. Morgan Stanley restated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. BMO Capital Markets lifted their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lifted 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. Barclays lifted 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, Wells Fargo & Company lifted their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $86.04.

Entergy Price Performance

Shares of ETR stock traded down $0.97 during trading hours on Wednesday, reaching $81.81. The stock had a trading volume of 1,952,318 shares, compared to its average volume of 3,664,443. The stock's fifty day simple moving average is $82.80 and its 200 day simple moving average is $80.60. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The firm has a market capitalization of $35.24 billion, a PE ratio of 33.60, a PEG ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (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 business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business posted $0.54 earnings per share. On average, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is presently 77.92%.

About Entergy

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.