Vident Advisory LLC Buys 15,622 Shares of Entergy Corporation (NYSE:ETR)

Vident Advisory LLC boosted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 335.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,280 shares of the utilities provider's stock after purchasing an additional 15,622 shares during the quarter. Vident Advisory LLC's holdings in Entergy were worth $1,538,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fortis Group Advisors LLC lifted its stake in Entergy by 100.0% during 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 in the last quarter. NBT Bank N A NY lifted its stake in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. lifted its stake in Entergy by 100.0% during the 4th 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 in the last quarter. Sandy Spring Bank lifted its stake in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. Finally, Riverview Trust Co lifted its stake in Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 182 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

NYSE:ETR traded down $0.99 during mid-day trading on Wednesday, reaching $81.79. The stock had a trading volume of 358,829 shares, compared to its average volume of 3,660,323. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. The firm has a 50 day moving average price of $82.84 and a two-hundred day moving average price of $80.59. The stock has a market capitalization of $35.23 billion, a P/E ratio of 33.68, a P/E/G ratio of 2.34 and a beta of 0.62.

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 for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. As a group, 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. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.93%. Entergy's payout ratio is currently 77.92%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ETR. Wells Fargo & Company raised their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. UBS Group boosted 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. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Wednesday, May 14th. Barclays lifted their target price on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.04.

Entergy 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.