3,092 Shares in Entergy Corporation (NYSE:ETR) Bought by CMC Financial Group

CMC Financial Group acquired a new position in shares of Entergy Corporation (NYSE:ETR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,092 shares of the utilities provider’s stock, valued at approximately $234,000. Entergy comprises about 0.5% of CMC Financial Group’s holdings, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in Entergy during the 3rd quarter worth $27,000. NBT Bank N A NY grew its position in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 170 shares during the last quarter. Fortis Group Advisors LLC grew 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 last quarter. Duncker Streett & Co. Inc. grew its position 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 position in Entergy by 100.0% during 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 during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 1.1 %

Shares of NYSE:ETR opened at $83.74 on Monday. The business’s 50-day moving average is $82.90 and its 200-day moving average is $75.16. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. 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 company has a market capitalization of $36.07 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share 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 the consensus estimate of $3.24 billion. During the same period in the prior year, the business earned $0.26 EPS. Equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Morgan Stanley lifted their target price on Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday. LADENBURG THALM/SH SH raised 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. BMO Capital Markets lifted their target price on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, UBS Group lifted their target price on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.