OneAscent Financial Services LLC Takes Position in Entergy Corporation (NYSE:ETR)

OneAscent Financial Services LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 7,716 shares of the utilities provider’s stock, valued at approximately $585,000.

A number of other hedge funds have also recently added to or reduced their stakes in ETR. Vanguard Group Inc. boosted its holdings in shares of Entergy by 101.9% in the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock valued at $3,952,773,000 after buying an additional 26,312,267 shares during the period. State Street Corp lifted its holdings in Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock worth $1,501,509,000 after acquiring an additional 128,667 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Entergy by 66.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider’s stock valued at $837,216,000 after acquiring an additional 4,418,528 shares during the period. Geode Capital Management LLC grew its holdings in shares of Entergy by 106.2% during the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock valued at $774,103,000 after purchasing an additional 5,271,559 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Entergy by 76.3% during the 4th quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider’s stock worth $764,238,000 after purchasing an additional 4,360,772 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of analyst reports. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research report on Thursday, January 30th. Evercore ISI upped their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Scotiabank cut their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. Finally, KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.75.

Entergy Stock Up 1.2 %

ETR opened at $86.67 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $37.34 billion, a PE ratio of 35.59, a P/E/G ratio of 2.34 and a beta of 0.56. The stock’s fifty day moving average is $83.53 and its 200-day moving average is $76.36. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping 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 firm 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 business earned $0.26 earnings per share. On average, equities analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.77%. Entergy’s dividend payout ratio (DPR) 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.