SOA Wealth Advisors LLC. Buys Shares of 10,931 Entergy Corporation (NYSE:ETR)

SOA Wealth Advisors LLC. bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,931 shares of the utilities provider's stock, valued at approximately $934,000.

Several other hedge funds also recently modified their holdings of the business. Gen Wealth Partners Inc raised its holdings in Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock worth $51,000 after buying an additional 144 shares during the period. NBT Bank N A NY grew its holdings in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares during the period. Fortis Group Advisors LLC raised its holdings in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 172 shares during the period. Legacy Investment Solutions LLC boosted its stake in Entergy by 85.1% in the 4th 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 during the period. Finally, Duncker Streett & Co. Inc. boosted its position in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares during the period. Institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. KeyCorp upgraded 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. Wells Fargo & Company boosted their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upped their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Evercore ISI raised their target price on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets boosted their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and an average target price of $86.04.

Entergy Stock Up 0.8%

ETR stock traded up $0.64 during midday trading on Monday, reaching $82.79. 3,315,103 shares of the company's stock traded hands, compared to its average volume of 3,617,029. 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 firm's fifty day moving average price is $82.54 and its 200-day moving average price is $81.06. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The company has a market cap of $35.66 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.34 and a beta of 0.59.

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

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were given a $0.60 dividend. The ex-dividend date was Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.90%. Entergy's dividend payout ratio is currently 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.