J.W. Cole Advisors Inc. Takes $1.07 Million Position in Entergy Corporation (NYSE:ETR)

J.W. Cole Advisors Inc. purchased a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,553 shares of the utilities provider's stock, valued at approximately $1,073,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Glen Eagle Advisors LLC boosted its holdings in shares of Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Entergy during the first quarter valued at approximately $28,000. Glass Jacobson Investment Advisors llc purchased a new position in Entergy during the fourth quarter valued at approximately $29,000. Mark Sheptoff Financial Planning LLC increased its holdings in Entergy by 100.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 400 shares of the utilities provider's stock valued at $30,000 after buying an additional 200 shares during the period. Finally, MV Capital Management Inc. increased its holdings in Entergy by 103.6% during the fourth quarter. MV Capital Management Inc. now owns 399 shares of the utilities provider's stock valued at $30,000 after buying an additional 203 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. KeyCorp lifted their price target on shares of Entergy from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. BMO Capital Markets lifted their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Morgan Stanley cut their price target on shares of 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 assumed coverage on shares of Entergy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. Finally, Barclays cut their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and an average price target of $86.46.

Entergy Stock Performance

NYSE ETR traded up $0.05 on Friday, reaching $88.20. 1,804,809 shares of the company's stock traded hands, compared to its average volume of 3,645,497. The stock has a 50 day moving average price of $82.83 and a 200-day moving average price of $82.68. The firm has a market cap of $37.99 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 2.40 and a beta of 0.59. Entergy Corporation has a fifty-two week low of $56.00 and a fifty-two week high of $89.35. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82.

Entergy (NYSE:ETR - Get Free Report) last issued 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. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders 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 currently 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.