10,166 Shares in Entergy Corporation (NYSE:ETR) Acquired by United Services Automobile Association

United Services Automobile Association bought a new stake in Entergy Corporation (NYSE:ETR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,166 shares of the utilities provider’s stock, valued at approximately $771,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Strategic Financial Concepts LLC purchased a new stake in Entergy in the 4th quarter worth approximately $4,393,000. Flagship Harbor Advisors LLC increased its stake in shares of Entergy by 74.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock worth $603,000 after acquiring an additional 3,393 shares during the last quarter. LaFleur & Godfrey LLC purchased a new stake in shares of Entergy during the fourth quarter worth $217,000. Avior Wealth Management LLC boosted its position in Entergy by 324.3% during the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 561 shares during the last quarter. Finally, Braun Stacey Associates Inc. boosted its position in Entergy by 88.8% during the fourth quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider’s stock valued at $27,333,000 after purchasing an additional 169,511 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE:ETR opened at $84.04 on Tuesday. The company has a market cap of $36.20 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 2.34 and a beta of 0.68. The business has a 50 day moving average price of $83.04 and a 200 day moving average price of $75.32. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the business earned $0.26 earnings per share. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.86%. Entergy’s payout ratio is 98.77%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ETR. Scotiabank cut their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research report on Thursday, January 30th. BMO Capital Markets boosted their target price on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, Evercore ISI upped their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.75.

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.