Clarius Group LLC Buys 277 Shares of Entergy Corporation (NYSE:ETR)

Clarius Group LLC increased its stake in Entergy Corporation (NYSE:ETR) by 8.5% in the first quarter, Holdings Channel.com reports. The firm owned 3,531 shares of the utilities provider’s stock after purchasing an additional 277 shares during the quarter. Clarius Group LLC’s holdings in Entergy were worth $302,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. NBT Bank N A NY grew its holdings in shares of Entergy by 100.0% during the fourth 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. Grove Bank & Trust boosted its position in Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 230 shares during the last quarter. Duncker Streett & Co. Inc. grew its stake in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 179 shares in the last quarter. Sandy Spring Bank raised 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 during the last quarter. Finally, Glen Eagle Advisors LLC lifted 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 purchasing an additional 180 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of Entergy from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Wednesday. KeyCorp upgraded shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective for the company in a research note on Wednesday, May 14th. Raymond James Financial assumed coverage on Entergy in a report on Friday, June 13th. They issued a “market perform” rating for the company. BMO Capital Markets upped their target price on Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, Barclays increased their price target on Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $86.25.

Entergy Stock Performance

Shares of NYSE ETR opened at $80.83 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $34.82 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.20 and a beta of 0.59. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The stock has a 50 day moving average of $82.69 and a 200-day moving average of $81.29.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.22. Entergy had a net margin of 11.26% and a return on equity of 11.43%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company posted $0.54 EPS. As a group, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.97%. Entergy’s payout ratio is currently 77.92%.

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.