ProShare Advisors LLC Has $4.93 Million Position in Entergy Corporation (NYSE:ETR)

ProShare Advisors LLC increased its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 59.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,962 shares of the utilities provider's stock after purchasing an additional 24,172 shares during the period. ProShare Advisors LLC's holdings in Entergy were worth $4,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Gen Wealth Partners Inc boosted its stake in shares of Entergy by 27.5% in the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after buying an additional 144 shares during the period. Hall Laurie J Trustee raised its stake in Entergy by 50.0% in the fourth quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 150 shares in the last quarter. NBT Bank N A NY raised its stake in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Fortis Group Advisors LLC raised its stake in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. Finally, Legacy Investment Solutions LLC raised its stake in Entergy by 85.1% in the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 172 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ETR has been the subject of a number of analyst reports. Evercore ISI boosted their price target on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Wells Fargo & Company lifted their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a research note on Wednesday, May 14th. Barclays lifted their price objective on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, 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. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $86.04.

Entergy Stock Performance

ETR stock opened at $82.95 on Tuesday. The firm has a market cap of $35.73 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a 50-day moving average price of $83.04 and a 200-day moving average price of $80.23. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The company 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 period in the previous year, the business earned $0.54 EPS. As a group, equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.89%. Entergy's dividend payout ratio is currently 77.92%.

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.

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