Gen Wealth Partners Inc Acquires 144 Shares of Entergy Corporation (NYSE:ETR)

Gen Wealth Partners Inc boosted its holdings in Entergy Corporation (NYSE:ETR) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 668 shares of the utilities provider’s stock after buying an additional 144 shares during the period. Gen Wealth Partners Inc’s holdings in Entergy were worth $51,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Entergy by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock worth $36,885,000 after buying an additional 10,697 shares during the period. JPMorgan Chase & Co. grew its holdings in Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after purchasing an additional 1,354,355 shares during the period. Diversified Trust Co increased its stake in Entergy by 119.4% in the fourth quarter. Diversified Trust Co now owns 6,002 shares of the utilities provider’s stock valued at $455,000 after purchasing an additional 3,266 shares in the last quarter. Fortitude Family Office LLC raised its holdings in Entergy by 131.8% in the fourth quarter. Fortitude Family Office LLC now owns 510 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 290 shares during the period. Finally, ORG Partners LLC boosted its position in shares of Entergy by 98.1% during the fourth quarter. ORG Partners LLC now owns 846 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 419 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Entergy stock opened at $82.86 on Friday. The stock’s fifty day moving average price is $83.07 and its two-hundred day moving average price is $79.66. The firm has a market cap of $35.69 billion, a PE ratio of 34.03, a price-to-earnings-growth 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 Corporation has a one year low of $52.07 and a one year high of $88.38.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. As a group, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy’s payout ratio is presently 77.92%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ETR. JPMorgan Chase & Co. raised their price objective on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. UBS Group lifted their price objective on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a report on Friday, March 21st. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Entergy in a research note on Wednesday, April 23rd. Finally, Barclays increased their price objective on shares of Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.75.

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.