Lmcg Investments LLC Has $14.71 Million Stock Position in Entergy Corporation (NYSE:ETR)

Lmcg Investments LLC decreased its position in Entergy Corporation (NYSE:ETR - Free Report) by 30.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 172,057 shares of the utilities provider's stock after selling 76,067 shares during the period. Entergy makes up 1.0% of Lmcg Investments LLC's portfolio, making the stock its 22nd largest position. Lmcg Investments LLC's holdings in Entergy were worth $14,709,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Gen Wealth Partners Inc boosted its holdings in shares of Entergy by 27.5% in the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after buying an additional 144 shares during the period. NBT Bank N A NY increased its holdings in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Fortis Group Advisors LLC increased its holdings in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Legacy Investment Solutions LLC raised its stake in shares of Entergy by 85.1% in the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 172 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its holdings in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Barclays raised their price target 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. 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 report on Wednesday, February 19th. KeyCorp raised shares of 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. Finally, BMO Capital Markets boosted their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $86.04.

Entergy Stock Performance

NYSE:ETR traded up $0.31 on Friday, hitting $82.11. The company's stock had a trading volume of 2,381,510 shares, compared to its average volume of 3,621,750. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. The firm has a market capitalization of $35.37 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The stock has a fifty day moving average of $82.61 and a two-hundred day moving average of $80.93. 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 (NYSE:ETR - Get Free Report) last posted 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 analysts' expectations of $3.13 billion. During the same quarter in the prior year, the business earned $0.54 EPS. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared 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 of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.92%. 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.