Mather Group LLC. Acquires 9,536 Shares of Entergy Corporation (NYSE:ETR)

Mather Group LLC. raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 507.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,415 shares of the utilities provider's stock after acquiring an additional 9,536 shares during the quarter. Mather Group LLC.'s holdings in Entergy were worth $976,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ETR. LaFleur & Godfrey LLC acquired a new position in shares of Entergy during the 4th quarter worth approximately $217,000. Brighton Jones LLC grew its position in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Entergy by 169.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 8,010 shares of the utilities provider's stock worth $607,000 after purchasing an additional 5,039 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Entergy by 7.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 8,523 shares of the utilities provider's stock worth $646,000 after purchasing an additional 566 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Entergy by 180.3% during the 4th quarter. Fisher Asset Management LLC now owns 6,585 shares of the utilities provider's stock worth $499,000 after purchasing an additional 4,236 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Price Performance

Entergy stock traded up $0.83 during mid-day trading on Friday, reaching $82.15. The company had a trading volume of 1,120,750 shares, compared to its average volume of 3,581,840. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. The company has a market cap of $35.39 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.23 and a beta of 0.59. The business has a fifty day simple moving average of $82.49 and a 200 day simple moving average of $81.83.

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

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.92%. Entergy's dividend payout ratio is currently 77.92%.

Analyst Ratings Changes

A number of brokerages have issued reports on ETR. Barclays increased their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Raymond James Financial started coverage on shares of Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. UBS Group increased their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research report on Wednesday, May 14th. Finally, BMO Capital Markets upped their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.25.

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.