Delta Asset Management LLC TN Acquires 469 Shares of Entergy Corporation (NYSE:ETR)

Delta Asset Management LLC TN increased its holdings in Entergy Corporation (NYSE:ETR) by 87.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,006 shares of the utilities provider’s stock after acquiring an additional 469 shares during the period. Delta Asset Management LLC TN’s holdings in Entergy were worth $76,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in shares of Entergy in the third quarter valued at approximately $27,000. NBT Bank N A NY raised its position in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares during the last quarter. Fortis Group Advisors LLC lifted its stake in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. boosted its holdings in 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 acquiring an additional 179 shares during the last quarter. Finally, Sandy Spring Bank grew its stake in shares of 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 acquiring an additional 179 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ETR. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Evercore ISI boosted their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. increased their price target on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research report on Thursday, January 30th. Finally, BMO Capital Markets raised their target price on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Six investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.75.

Entergy Trading Up 1.4 %

Shares of ETR stock opened at $84.05 on Thursday. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The company’s fifty day simple moving average is $83.25 and its two-hundred day simple moving average is $75.53. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The stock has a market capitalization of $36.20 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. As a group, analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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

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.