Entergy Corporation (NYSE:ETR) Shares Bought by Continuum Advisory LLC

Continuum Advisory LLC lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 109.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,632 shares of the utilities provider’s stock after acquiring an additional 6,587 shares during the quarter. Continuum Advisory LLC’s holdings in Entergy were worth $958,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fortis Group Advisors LLC raised its holdings in shares of Entergy by 100.0% during the fourth 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 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 purchasing an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. raised its stake in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the period. Sandy Spring Bank lifted its holdings in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Glen Eagle Advisors LLC boosted its position in shares of Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after buying an additional 180 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Trading Down 2.1%

Entergy stock opened at $82.58 on Thursday. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. The company’s fifty day moving average price is $83.02 and its two-hundred day moving average price is $80.27. The company has a market capitalization of $35.57 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.34 and a beta of 0.62. 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 issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, May 2nd. Entergy’s payout ratio is 77.92%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ETR. Morgan Stanley reissued an “overweight” rating on shares of Entergy in a research report on Wednesday, April 23rd. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target for the company in a research report on Thursday, January 30th. KeyCorp raised shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research report on Wednesday, May 14th. Wells Fargo & Company increased their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.04.

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.