TD Private Client Wealth LLC Increases Stock Position in Entergy Corporation (NYSE:ETR)

TD Private Client Wealth LLC boosted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,377 shares of the utilities provider's stock after purchasing an additional 4,474 shares during the quarter. TD Private Client Wealth LLC's holdings in Entergy were worth $7,042,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Entergy by 101.9% in the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. Bank of America Corp DE lifted its stake in Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after purchasing an additional 10,347,926 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Entergy by 71.4% in the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock worth $976,895,000 after purchasing an additional 5,368,396 shares in the last quarter. FMR LLC increased its holdings in shares of Entergy by 90.7% in the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after buying an additional 5,998,760 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Entergy by 66.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock worth $837,216,000 after buying an additional 4,418,528 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

Entergy stock opened at $82.15 on Monday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.82 and a quick ratio of 0.55. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38. The firm has a market capitalization of $35.39 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.23 and a beta of 0.59. The company's 50-day moving average is $82.49 and its 200 day moving average is $81.94.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Raymond James Financial assumed coverage on shares of Entergy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Wednesday, May 14th. Finally, Barclays boosted their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.

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