EverSource Wealth Advisors LLC Acquires 4,252 Shares of Entergy Corporation (NYSE:ETR)

EverSource Wealth Advisors LLC grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 484.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,129 shares of the utilities provider’s stock after acquiring an additional 4,252 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Entergy were worth $389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ETR. Sigma Planning Corp grew its stake in Entergy by 4.7% in the 3rd quarter. Sigma Planning Corp now owns 3,182 shares of the utilities provider’s stock worth $419,000 after buying an additional 143 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Entergy by 196.7% during the 3rd quarter. GSA Capital Partners LLP now owns 7,914 shares of the utilities provider’s stock worth $1,042,000 after acquiring an additional 5,247 shares during the last quarter. Aptus Capital Advisors LLC grew its position in Entergy by 3.2% in the third quarter. Aptus Capital Advisors LLC now owns 3,727 shares of the utilities provider’s stock worth $491,000 after acquiring an additional 116 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Entergy by 21.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 2,971 shares of the utilities provider’s stock valued at $391,000 after acquiring an additional 528 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in Entergy by 14.8% during the third quarter. Oppenheimer & Co. Inc. now owns 7,957 shares of the utilities provider’s stock valued at $1,047,000 after purchasing an additional 1,023 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ETR shares. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Evercore ISI upped 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. 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 report on Thursday, January 30th. Scotiabank lowered their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. Finally, KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.11.

Entergy Price Performance

ETR stock opened at $85.00 on Friday. The stock has a market capitalization 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 firm’s 50-day moving average price is $82.07 and its two-hundred day moving average price is $74.11. 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.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (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 company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the business earned $0.26 EPS. As a group, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued 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 2.82%. 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.