3,540 Shares in Entergy Corporation (NYSE:ETR) Purchased by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,540 shares of the utilities provider's stock, valued at approximately $303,000.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after buying an additional 10,347,926 shares during the period. FMR LLC lifted its holdings in shares of 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 buying an additional 5,998,760 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Entergy by 71.4% in the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock worth $976,895,000 after buying an additional 5,368,396 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Entergy by 106.2% in the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after buying an additional 5,271,559 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Entergy by 66.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock worth $837,216,000 after buying an additional 4,418,528 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. KeyCorp upped their target price on Entergy from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price target on Entergy from $100.00 to $102.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Barclays reduced their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Raymond James Financial initiated coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. Finally, Morgan Stanley reduced their price target on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Entergy has a consensus rating of "Moderate Buy" and a consensus price target of $86.46.

Entergy Price Performance

NYSE:ETR traded up $0.05 during trading hours on Friday, reaching $88.20. 1,804,809 shares of the company traded hands, compared to its average volume of 2,388,739. The firm's 50-day moving average is $82.94 and its 200-day moving average is $82.76. The stock has a market cap of $37.99 billion, a P/E ratio of 28.64, a P/E/G ratio of 2.40 and a beta of 0.59. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.82 and a quick ratio of 0.55. Entergy Corporation has a 1-year low of $56.00 and a 1-year high of $89.35.

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 (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.22. The business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same quarter last year, the firm earned $0.54 earnings per share. Equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.72%. Entergy's dividend payout ratio 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.