Northstar Financial Companies Inc. Invests $262,000 in Entergy Corporation (NYSE:ETR)

Northstar Financial Companies Inc. bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,450 shares of the utilities provider's stock, valued at approximately $262,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Financial Advisors Inc. grew its stake in Entergy by 60.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after purchasing an additional 6,028 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Entergy during the 4th quarter worth $4,393,000. Flagship Harbor Advisors LLC boosted its position in shares of Entergy by 74.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after acquiring an additional 3,393 shares in the last quarter. LaFleur & Godfrey LLC acquired a new position in shares of Entergy during the 4th quarter worth about $217,000. Finally, Bank of Montreal Can boosted its position in shares of Entergy by 74.3% during the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock worth $50,869,000 after acquiring an additional 286,005 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ETR has been the subject of several analyst reports. Evercore ISI upped their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their price objective on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. upped their price objective on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, UBS Group upped their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Entergy has an average rating of "Moderate Buy" and an average target price of $86.04.

Entergy Stock Performance

ETR traded up $0.84 on Friday, hitting $83.20. 4,051,049 shares of the company traded hands, compared to its average volume of 3,645,530. The company has a 50 day moving average of $82.77 and a 200-day moving average of $80.80. 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 stock has a market capitalization of $35.84 billion, a PE ratio of 34.17, a PEG ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.60 by $0.22. The firm had revenue of $3.02 billion during 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 period in the prior year, the business earned $0.54 EPS. Sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd 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 2.88%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is 77.92%.

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.