6,357 Shares in Entergy Corporation (NYSE:ETR) Bought by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,357 shares of the utilities provider's stock, valued at approximately $543,000.

Other large investors have also modified their holdings of the company. Legacy Financial Advisors Inc. grew its stake in shares of Entergy by 60.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock valued at $1,219,000 after buying an additional 6,028 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Entergy during the 4th quarter valued at approximately $4,393,000. LaFleur & Godfrey LLC acquired a new stake in Entergy during the 4th quarter valued at approximately $217,000. Bank of Montreal Can grew its stake in Entergy by 74.3% during the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after purchasing an additional 286,005 shares in the last quarter. Finally, Braun Stacey Associates Inc. grew its stake in Entergy by 88.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider's stock valued at $27,333,000 after purchasing an additional 169,511 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

Entergy stock traded down $1.31 during mid-day trading on Friday, hitting $81.98. 2,540,283 shares of the company's stock traded hands, compared to its average volume of 3,593,952. The firm has a 50 day moving average price of $82.60 and a 200 day moving average price of $81.20. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market cap of $35.31 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 2.34 and a beta of 0.59. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38.

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

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy's payout ratio is currently 77.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ETR shares. Evercore ISI raised their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. UBS Group raised their price objective on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Raymond James initiated coverage on Entergy in a report on Friday. They set a "market perform" rating on the stock. BMO Capital Markets increased their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Barclays increased their target price on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Entergy presently has an average rating of "Moderate Buy" and an average price target of $86.04.

Entergy Company 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.