2,876 Shares in Entergy Corporation (NYSE:ETR) Acquired by Trilogy Capital Inc.

Key Points

• Trilogy Capital Inc. has acquired a new stake in Entergy Corporation, purchasing 2,876 shares valued at approximately $246,000 in the first quarter.
• According to analysts, Entergy's stock has an average rating of "Moderate Buy" with a consensus price target of $86.46.
• Entergy recently declared a quarterly dividend of $0.60, contributing to an annualized dividend of $2.40 and a yield of 2.72%.

Trilogy Capital Inc. purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,876 shares of the utilities provider's stock, valued at approximately $246,000.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entergy in the first quarter valued at approximately $28,000. Grove Bank & Trust boosted its position in Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after buying an additional 230 shares in the last quarter. Glen Eagle Advisors LLC boosted its position 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 in the last quarter. Legacy Investment Solutions LLC boosted its position 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 buying an additional 172 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Entergy in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

Shares of ETR stock traded up $2.60 during trading on Wednesday, reaching $90.84. 1,481,779 shares of the company's stock traded hands, compared to its average volume of 3,621,405. The company has a market capitalization of $39.13 billion, a P/E ratio of 29.41, a PEG ratio of 2.36 and a beta of 0.59. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. The firm's 50-day moving average is $83.09 and its 200 day moving average is $82.96. Entergy Corporation has a 1 year low of $57.47 and a 1 year high of $90.95.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.11 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 company posted $1.92 EPS. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is presently 77.92%.

Analyst Ratings Changes

Several research firms recently weighed in on ETR. Barclays cut their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Morgan Stanley cut their price target on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. KeyCorp boosted their price target on shares of Entergy from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $100.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, BMO Capital Markets boosted their target price 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. Six 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $86.46.

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.