4,000 Shares in Entergy Corporation (NYSE:ETR) Purchased by Forefront Wealth Management Inc.

Forefront Wealth Management Inc. acquired a new position in Entergy Corporation (NYSE:ETR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,000 shares of the utilities provider’s stock, valued at approximately $303,000.

Several other large investors also recently bought and sold shares of ETR. Fortis Group Advisors LLC increased its holdings in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. NBT Bank N A NY increased its holdings in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after buying an additional 170 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in Entergy in the 3rd quarter worth about $27,000. Duncker Streett & Co. Inc. boosted its position in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Sandy Spring Bank boosted its position in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Down 1.1 %

NYSE ETR opened at $83.74 on Friday. The stock’s 50 day moving average is $82.90 and its 200 day moving average is $74.96. 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. The stock has a market cap of $36.04 billion, a PE 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 EPS 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 company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the previous year, the firm earned $0.26 EPS. Research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on ETR shares. Scotiabank dropped their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Evercore ISI raised their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised their target price on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $84.75.

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.