Entergy Corporation (NYSE:ETR) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC raised its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 104.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,973 shares of the utilities provider's stock after acquiring an additional 8,153 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Entergy were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ETR. Vanguard Group Inc. lifted its holdings 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. FMR LLC boosted its position in shares of Entergy by 90.7% during the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after acquiring an additional 5,998,760 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Entergy by 66.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after acquiring an additional 4,418,528 shares in the last quarter. Geode Capital Management LLC increased its holdings in Entergy by 106.2% in the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock valued at $774,103,000 after acquiring an additional 5,271,559 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Entergy by 76.3% during the 4th quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider's stock valued at $764,238,000 after purchasing an additional 4,360,772 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Scotiabank decreased their price target on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. Evercore ISI increased their price target on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective on the stock in a research note on Thursday, January 30th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Entergy currently has an average rating of "Moderate Buy" and a consensus price target of $85.75.

Entergy Trading Up 1.3 %

ETR stock traded up $1.10 during mid-day trading on Friday, reaching $84.47. The company had a trading volume of 2,919,786 shares, compared to its average volume of 3,685,203. The company has a market capitalization of $36.39 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The firm has a 50 day moving average of $83.33 and a 200 day moving average of $79.10. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the company posted $0.54 EPS. On average, equities analysts predict 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. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.84%. Entergy's dividend payout ratio is currently 77.92%.

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.