Entergy Corporation (NYSE:ETR) Position Raised by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lifted its position in shares of Entergy Corporation (NYSE:ETR) by 93.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,534 shares of the utilities provider’s stock after acquiring an additional 6,060 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Entergy were worth $950,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ETR. Acropolis Investment Management LLC grew its position in Entergy by 0.8% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after purchasing an additional 69 shares during the last quarter. Hall Laurie J Trustee increased its position in Entergy by 50.0% in the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Entergy by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider’s stock valued at $2,224,000 after acquiring an additional 162 shares during the period. NBT Bank N A NY raised its stake in 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 acquiring an additional 170 shares in the last quarter. Finally, Fortis Group Advisors LLC boosted its position in Entergy by 100.0% during the 4th 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. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

NYSE ETR opened at $84.38 on Friday. 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 1 year low of $50.19 and a 1 year high of $88.38. The company has a market cap of $36.35 billion, a PE ratio of 34.65, a PEG ratio of 2.34 and a beta of 0.68. The stock’s 50-day moving average price is $83.34 and its two-hundred day moving average price is $75.75.

Entergy (NYSE:ETR) last issued 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. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

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

Analysts Set New Price Targets

ETR has been the topic of a number of research analyst reports. Evercore ISI raised their price target on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. UBS Group upped their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. Wells Fargo & Company raised their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Scotiabank cut their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.75.

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.