Lantz Financial LLC Sells 4,058 Shares of Entergy Corporation (NYSE:ETR)

Lantz Financial LLC decreased its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 13.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,835 shares of the utilities provider's stock after selling 4,058 shares during the period. Lantz Financial LLC's holdings in Entergy were worth $2,209,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Entergy by 5.8% during the 1st quarter. Parallel Advisors LLC now owns 7,013 shares of the utilities provider's stock worth $599,000 after acquiring an additional 384 shares in the last quarter. Partnership Wealth Management LLC purchased a new position in shares of Entergy during the 1st quarter worth $427,000. GAMMA Investing LLC lifted its stake in shares of Entergy by 9,289.4% during the 1st quarter. GAMMA Investing LLC now owns 1,327,660 shares of the utilities provider's stock worth $113,502,000 after purchasing an additional 1,313,520 shares during the period. Versant Capital Management Inc increased its holdings in shares of Entergy by 48.1% during the 1st quarter. Versant Capital Management Inc now owns 989 shares of the utilities provider's stock worth $85,000 after buying an additional 321 shares during the last quarter. Finally, Centre Asset Management LLC acquired a new stake in shares of Entergy during the 1st quarter worth $268,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of recent research reports. Morgan Stanley restated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Wednesday, May 14th. Evercore ISI boosted their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets boosted their price objective on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.04.

Entergy Price Performance

Shares of ETR traded down $0.17 during midday trading on Monday, reaching $83.11. The stock had a trading volume of 2,577,214 shares, compared to its average volume of 3,641,239. The firm's 50 day moving average price is $82.77 and its 200-day moving average price is $80.80. The company has a market capitalization of $35.80 billion, a P/E ratio of 34.13, 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 52 week low of $52.07 and a 52 week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. On average, analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. 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.