Independent Advisor Alliance Grows Holdings in Entergy Corporation (NYSE:ETR)

Independent Advisor Alliance raised its position in Entergy Corporation (NYSE:ETR) by 125.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,233 shares of the utilities provider’s stock after buying an additional 17,962 shares during the period. Independent Advisor Alliance’s holdings in Entergy were worth $2,444,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Fortis Group Advisors LLC lifted its holdings in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 172 shares during the period. 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 valued at $26,000 after purchasing an additional 170 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Entergy during the 3rd quarter worth $27,000. Duncker Streett & Co. Inc. raised its stake 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. Finally, Riverview Trust Co boosted its holdings in shares of Entergy by 100.0% in the 4th 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 last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 0.3 %

Shares of Entergy stock opened at $82.85 on Friday. The company’s 50-day moving average price is $81.91 and its 200-day moving average price is $73.94. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The company has a market cap of $35.66 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period last year, the firm earned $0.26 EPS. On average, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.90%. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a report on Thursday, January 30th. BMO Capital Markets upped their price objective on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Evercore ISI raised their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company upped their price target on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.11.

Entergy 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.