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Princeton Global Asset Management LLC Buys 6,884 Shares of Entergy Corporation (NYSE:ETR)

Entergy logo with Utilities background

Princeton Global Asset Management LLC raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,470 shares of the utilities provider's stock after buying an additional 6,884 shares during the quarter. Entergy accounts for about 1.9% of Princeton Global Asset Management LLC's holdings, making the stock its 12th biggest position. Princeton Global Asset Management LLC's holdings in Entergy were worth $9,530,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ETR. Fortis Group Advisors LLC grew its position in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares in the last quarter. NBT Bank N A NY raised its stake in shares of Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after buying an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. raised its stake in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. Sandy Spring Bank raised its stake in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. Finally, Glen Eagle Advisors LLC raised its stake in shares of Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley restated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. 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 note on Wednesday, May 14th. Wells Fargo & Company lifted their price target on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Barclays lifted their price target on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, UBS Group lifted their price target on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Four 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.04.

View Our Latest Research Report on Entergy

Entergy Price Performance

ETR traded down $0.73 during midday trading on Tuesday, hitting $82.09. The company had a trading volume of 3,124,263 shares, compared to its average volume of 3,612,799. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $35.36 billion, a PE ratio of 33.71, a P/E/G ratio of 2.34 and a beta of 0.59. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38. The firm's 50-day simple moving average is $82.40 and its 200-day simple moving average is $81.11.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the company posted $0.54 EPS. Equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy's dividend payout ratio (DPR) is presently 77.92%.

Entergy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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