Laird Norton Wetherby Wealth Management LLC Grows Position in Entergy Corporation (NYSE:ETR)

Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 103.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,062 shares of the utilities provider's stock after acquiring an additional 3,088 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in Entergy were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ETR. NBT Bank N A NY increased its position in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares during the last quarter. Fortis Group Advisors LLC raised its stake in shares of Entergy by 100.0% in 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 during the period. Duncker Streett & Co. Inc. boosted its position in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Sandy Spring Bank lifted its stake in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Riverview Trust Co boosted its position in shares of Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. UBS Group boosted their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. BMO Capital Markets raised their price objective 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. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Wednesday, May 14th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Entergy has an average rating of "Moderate Buy" and a consensus target price of $86.04.

Entergy Stock Down 1.1%

NYSE ETR traded down $0.95 during trading on Wednesday, reaching $83.38. 351,391 shares of the company's stock were exchanged, compared to its average volume of 3,674,555. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a 50 day moving average price of $83.07 and a two-hundred day moving average price of $80.26. The stock has a market cap of $35.92 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly 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 analyst estimates of $3.13 billion. During the same quarter last year, the company posted $0.54 earnings per share. On average, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is currently 77.92%.

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.