Twin City Private Wealth LLC Raises Position in Entergy Corporation (NYSE:ETR)

Twin City Private Wealth LLC increased its holdings in Entergy Corporation (NYSE:ETR) by 107.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,331 shares of the utilities provider’s stock after buying an additional 15,163 shares during the period. Entergy accounts for approximately 2.0% of Twin City Private Wealth LLC’s portfolio, making the stock its 18th largest holding. Twin City Private Wealth LLC’s holdings in Entergy were worth $2,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Horrell Capital Management Inc. raised its position in shares of Entergy by 100.3% in the fourth quarter. Horrell Capital Management Inc. now owns 53,298 shares of the utilities provider’s stock worth $4,041,000 after buying an additional 26,687 shares in the last quarter. CMC Financial Group purchased a new stake in Entergy during the fourth quarter valued at about $234,000. Vanguard Group Inc. raised its position in Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock valued at $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. LPL Financial LLC raised its position in Entergy by 77.1% during the fourth quarter. LPL Financial LLC now owns 820,057 shares of the utilities provider’s stock valued at $62,177,000 after purchasing an additional 357,052 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its position in Entergy by 102.7% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 236,916 shares of the utilities provider’s stock valued at $17,963,000 after purchasing an additional 120,030 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 1.1 %

NYSE ETR opened at $83.74 on Monday. 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 $36.07 billion, a PE ratio of 34.39, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The business’s 50-day moving average is $82.90 and its 200 day moving average is $75.16.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The company 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 period last year, the firm earned $0.26 earnings per share. Sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company 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 annualized dividend and a yield of 2.87%. Entergy’s payout ratio is 98.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ETR shares. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Wells Fargo & Company raised 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. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. UBS Group lifted their price objective on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday. Finally, Scotiabank decreased their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. Six investment 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.75.

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.