3,890 Shares in Entergy Corporation (NYSE:ETR) Bought by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. bought a new stake in Entergy Corporation (NYSE:ETR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,890 shares of the utilities provider’s stock, valued at approximately $295,000.

A number of other large investors have also added to or reduced their stakes in ETR. O Shaughnessy Asset Management LLC grew its stake in Entergy by 114.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 101,574 shares of the utilities provider’s stock worth $7,701,000 after buying an additional 54,192 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Entergy by 95.9% during the fourth quarter. Clearbridge Investments LLC now owns 4,636 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 2,270 shares during the last quarter. ClearBridge Investments Ltd grew its stake in shares of Entergy by 89.3% during the fourth quarter. ClearBridge Investments Ltd now owns 5,426,267 shares of the utilities provider’s stock worth $411,420,000 after acquiring an additional 2,559,817 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Entergy by 177.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 9,419 shares of the utilities provider’s stock valued at $721,000 after acquiring an additional 6,026 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Entergy by 100.9% in the 4th quarter. California Public Employees Retirement System now owns 1,956,548 shares of the utilities provider’s stock valued at $148,345,000 after purchasing an additional 982,790 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

Shares of Entergy stock opened at $85.63 on Tuesday. The firm has a market cap of $36.89 billion, a PE ratio of 35.17, a P/E/G ratio of 2.34 and a beta of 0.68. The business has a 50-day moving average price of $83.41 and a 200 day moving average price of $76.13. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the previous year, the business earned $0.26 earnings per share. Sell-side 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 was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.80%. Entergy’s dividend payout ratio (DPR) is 98.77%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Scotiabank reduced their target price 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. Wells Fargo & Company boosted 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. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley lifted their target price on Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Six 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. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average 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.