Entergy Corporation (NYSE:ETR) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC raised its position in Entergy Corporation (NYSE:ETR - Free Report) by 36.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,250 shares of the utilities provider's stock after purchasing an additional 6,796 shares during the quarter. Private Advisor Group LLC's holdings in Entergy were worth $2,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Glen Eagle Advisors LLC increased its holdings in Entergy by 100.0% in the fourth 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Entergy in the first quarter valued at $28,000. Glass Jacobson Investment Advisors llc purchased a new position in Entergy in the fourth quarter valued at $29,000. MV Capital Management Inc. increased its holdings in Entergy by 103.6% in the fourth quarter. MV Capital Management Inc. now owns 399 shares of the utilities provider's stock valued at $30,000 after buying an additional 203 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in Entergy in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Trading Up 0.1%

Shares of NYSE ETR traded up $0.05 during trading on Friday, hitting $88.20. 1,804,809 shares of the company traded hands, compared to its average volume of 2,388,739. Entergy Corporation has a 1 year low of $56.00 and a 1 year high of $89.35. The company has a 50-day moving average price of $82.83 and a 200-day moving average price of $82.68. The firm has a market capitalization of $37.99 billion, a P/E ratio of 28.64, a P/E/G ratio of 2.40 and a beta of 0.59. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91.

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

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.72%. Entergy's dividend payout ratio (DPR) is presently 77.92%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ETR shares. Barclays decreased their price objective on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Morgan Stanley decreased their price objective on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. BMO Capital Markets upped their price objective on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, KeyCorp upped their price objective on shares of Entergy from $85.00 to $88.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.46.

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.