Entergy Corporation (NYSE:ETR) Stock Holdings Boosted by Howe & Rusling Inc.

Howe & Rusling Inc. increased its position in Entergy Corporation (NYSE:ETR) by 99.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,060 shares of the utilities provider’s stock after acquiring an additional 3,027 shares during the period. Howe & Rusling Inc.’s holdings in Entergy were worth $459,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. NEOS Investment Management LLC boosted its position in shares of Entergy by 158.8% during the fourth quarter. NEOS Investment Management LLC now owns 21,864 shares of the utilities provider’s stock worth $1,658,000 after buying an additional 13,417 shares during the period. UniSuper Management Pty Ltd boosted its position in Entergy by 101.6% during the 4th quarter. UniSuper Management Pty Ltd now owns 779,183 shares of the utilities provider’s stock worth $59,078,000 after acquiring an additional 392,601 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Entergy by 105.1% in the fourth quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider’s stock worth $558,279,000 after purchasing an additional 3,773,492 shares in the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of Entergy by 117.3% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 41,212 shares of the utilities provider’s stock valued at $3,125,000 after purchasing an additional 22,244 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Entergy during the fourth quarter valued at about $20,479,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on ETR shares. UBS Group raised their target price on shares of Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Evercore ISI raised their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their target price on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.75.

Entergy Price Performance

ETR stock opened at $83.96 on Friday. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. The firm has a 50-day moving average of $83.30 and a two-hundred day moving average of $75.59. The firm has a market capitalization of $36.17 billion, a PE ratio of 34.48, a P/E/G ratio of 2.34 and a beta of 0.68. 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 (NYSE:ETR) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s payout ratio is 98.77%.

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.