Signaturefd LLC Boosts Stake in Entergy Corporation (NYSE:ETR)

Signaturefd LLC raised its stake in shares of Entergy Corporation (NYSE:ETR) by 152.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,601 shares of the utilities provider’s stock after purchasing an additional 3,991 shares during the quarter. Signaturefd LLC’s holdings in Entergy were worth $500,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ETR. Fortis Group Advisors LLC grew its stake in shares of 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 during the period. NBT Bank N A NY increased its stake in shares of Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Entergy during the 3rd quarter valued at $27,000. Duncker Streett & Co. Inc. boosted its holdings in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares during the period. Finally, Riverview Trust Co increased its stake in Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after buying an additional 182 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Down 0.0 %

Shares of NYSE ETR opened at $84.62 on Friday. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The firm has a 50-day simple moving average of $82.75 and a two-hundred day simple moving average of $74.80. The company has a market cap of $36.42 billion, a P/E ratio of 34.75, a PEG ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last released its 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. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter last year, the firm posted $0.26 earnings per share. Research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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

Wall Street Analyst Weigh In

ETR has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Morgan Stanley upped their target price on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday. BMO Capital Markets lifted their price target on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.32.

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.