Entergy Corporation (NYSE:ETR) Shares Bought by Providence Wealth Advisors LLC

Providence Wealth Advisors LLC raised its position in Entergy Corporation (NYSE:ETR) by 249.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,006 shares of the utilities provider’s stock after acquiring an additional 5,003 shares during the period. Providence Wealth Advisors LLC’s holdings in Entergy were worth $526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ETR. Fortis Group Advisors LLC boosted its holdings in 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 purchasing an additional 172 shares in the last quarter. NBT Bank N A NY grew its holdings in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in Entergy in the 3rd quarter valued at approximately $27,000. Duncker Streett & Co. Inc. lifted its holdings in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Sandy Spring Bank boosted its stake in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

ETR has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, March 21st. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Evercore ISI raised their price target on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Morgan Stanley upped their price target on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, Scotiabank lowered their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.75.

Entergy Price Performance

Shares of NYSE:ETR opened at $84.05 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $36.20 billion, a PE ratio of 34.52, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38. The firm has a 50 day moving average of $83.25 and a 200-day moving average of $75.53.

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 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 the consensus estimate of $3.24 billion. During the same period in the prior year, the business posted $0.26 earnings per share. On average, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

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

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.