Signaturefd LLC Purchases 3,991 Shares of Entergy Corporation (NYSE:ETR)

Signaturefd LLC raised its position in Entergy Corporation (NYSE:ETR) by 152.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,601 shares of the utilities provider’s stock after purchasing an additional 3,991 shares during the period. Signaturefd LLC’s holdings in Entergy were worth $500,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. OneDigital Investment Advisors LLC boosted its position in shares of Entergy by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after buying an additional 69 shares during the period. LMR Partners LLP bought a new position in shares of Entergy during the third quarter worth approximately $329,000. Pathstone Holdings LLC boosted its stake in shares of Entergy by 6.9% in the third quarter. Pathstone Holdings LLC now owns 16,862 shares of the utilities provider’s stock valued at $2,219,000 after buying an additional 1,081 shares during the period. Caprock Group LLC grew its position in Entergy by 10.1% during the third quarter. Caprock Group LLC now owns 5,281 shares of the utilities provider’s stock worth $695,000 after buying an additional 485 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Entergy during the 3rd quarter worth $564,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Down 0.0 %

Shares of NYSE:ETR opened at $84.62 on Friday. The business’s 50 day simple moving average is $82.75 and its two-hundred day simple moving average is $74.80. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. 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 firm has a market cap of $36.42 billion, a P/E ratio of 34.75, a PEG ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last released its quarterly earnings results 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 analyst estimates of $3.24 billion. During the same period in the prior year, the firm posted $0.26 EPS. As a group, research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio is 98.77%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ETR. 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. 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. BMO Capital Markets upped their target price on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley lifted their target price on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $84.32.

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.