Entergy Corporation (NYSE:ETR) Position Boosted by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 98.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,860 shares of the utilities provider’s stock after purchasing an additional 61,877 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Entergy were worth $9,467,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ETR. Oppenheimer Asset Management Inc. lifted its position in shares of Entergy by 21.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 2,971 shares of the utilities provider’s stock worth $391,000 after purchasing an additional 528 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Entergy by 14.8% during the third quarter. Oppenheimer & Co. Inc. now owns 7,957 shares of the utilities provider’s stock worth $1,047,000 after purchasing an additional 1,023 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Entergy by 1.9% during the third quarter. Metis Global Partners LLC now owns 6,828 shares of the utilities provider’s stock worth $899,000 after purchasing an additional 130 shares during the last quarter. OneDigital Investment Advisors LLC lifted 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 purchasing an additional 69 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Entergy by 2.3% during the third quarter. CIBC Asset Management Inc now owns 59,785 shares of the utilities provider’s stock worth $7,868,000 after purchasing an additional 1,352 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ETR. Evercore ISI raised their target price 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. Scotiabank cut their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. UBS Group raised their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

Entergy Price Performance

Shares of NYSE:ETR opened at $85.00 on Monday. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38. The stock has a market cap of $36.59 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.34 and a beta of 0.68. The stock’s 50 day moving average price is $82.07 and its 200 day moving average price is $74.32. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the previous year, the company earned $0.26 earnings per share. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.82%. Entergy’s dividend payout ratio is currently 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.