Vise Technologies Inc. Takes $240,000 Position in Entergy Corporation (NYSE:ETR)

Vise Technologies Inc. acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,161 shares of the utilities provider's stock, valued at approximately $240,000.

Several other hedge funds also recently modified their holdings of ETR. Legacy Financial Advisors Inc. lifted its position in Entergy by 60.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after purchasing an additional 6,028 shares during the period. Strategic Financial Concepts LLC acquired a new position in Entergy during the fourth quarter worth $4,393,000. LaFleur & Godfrey LLC acquired a new stake in shares of Entergy in the fourth quarter valued at $217,000. Bank of Montreal Can increased its stake in shares of Entergy by 74.3% in the fourth quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after buying an additional 286,005 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Entergy by 324.3% in the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock valued at $56,000 after buying an additional 561 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Trading Up 1.0%

ETR traded up $0.84 during midday trading on Friday, reaching $83.20. 4,051,049 shares of the company were exchanged, compared to its average volume of 3,655,796. 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 stock has a market capitalization of $35.84 billion, a P/E ratio of 34.17, a PEG ratio of 2.34 and a beta of 0.62. The stock's 50-day simple moving average is $82.77 and its 200 day simple moving average is $80.70.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter last year, the business earned $0.54 earnings per share. As a group, analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is currently 77.92%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ETR shares. BMO Capital Markets raised their target price on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Morgan Stanley restated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Wednesday, May 14th. Barclays raised their price target on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company lifted their price objective on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.