3,301 Shares in Entergy Corporation (NYSE:ETR) Bought by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,301 shares of the utilities provider's stock, valued at approximately $282,000.

Several other institutional investors and hedge funds have also made changes to their positions in ETR. NBT Bank N A NY increased its position in Entergy by 100.0% during the 4th 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. Duncker Streett & Co. Inc. increased its position in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Sandy Spring Bank increased its position in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Glen Eagle Advisors LLC increased its position in Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after purchasing an additional 180 shares during the period. Finally, Riverview Trust Co increased its position in Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after purchasing an additional 182 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

ETR stock traded up $0.07 on Friday, reaching $80.99. The company had a trading volume of 7,933,944 shares, compared to its average volume of 3,595,709. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82. The company's fifty day moving average is $82.68 and its 200 day moving average is $81.39. The company has a market cap of $34.89 billion, a P/E ratio of 26.30, a PEG ratio of 2.21 and a beta of 0.60.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 11.43% and a net margin of 11.26%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company posted $0.54 EPS. On average, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, May 2nd. Entergy's dividend payout ratio (DPR) is currently 77.92%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ETR shares. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Wednesday, May 14th. BMO Capital Markets boosted their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. UBS Group upped their price target on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Morgan Stanley lowered their price target on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.25.

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.