Entergy Corporation (NYSE:ETR) Shares Acquired by Whipplewood Advisors LLC

Whipplewood Advisors LLC boosted its position in shares of Entergy Corporation (NYSE:ETR) by 22,232.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,190 shares of the utilities provider’s stock after buying an additional 60,916 shares during the period. Entergy makes up approximately 1.6% of Whipplewood Advisors LLC’s investment portfolio, making the stock its 10th largest position. Whipplewood Advisors LLC’s holdings in Entergy were worth $5,231,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Sentry Investment Management LLC acquired a new position in shares of Entergy during the 1st quarter worth $49,000. Merit Financial Group LLC grew its position in Entergy by 28.0% in the first quarter. Merit Financial Group LLC now owns 10,029 shares of the utilities provider’s stock valued at $857,000 after acquiring an additional 2,196 shares during the last quarter. LVW Advisors LLC raised its stake in Entergy by 9.2% during the first quarter. LVW Advisors LLC now owns 7,671 shares of the utilities provider’s stock worth $656,000 after acquiring an additional 648 shares in the last quarter. NBC Securities Inc. raised its stake in Entergy by 103,087.2% during the first quarter. NBC Securities Inc. now owns 48,498 shares of the utilities provider’s stock worth $4,146,000 after acquiring an additional 48,451 shares in the last quarter. Finally, Fiduciary Alliance LLC bought a new position in shares of Entergy in the first quarter worth about $214,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. KeyCorp upgraded shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price target for the company in a report on Wednesday, May 14th. Evercore ISI increased their price target on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Morgan Stanley restated an “overweight” rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company upped 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. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.04.

Entergy Trading Down 0.2%

Shares of ETR stock opened at $83.11 on Tuesday. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. 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 stock has a 50 day simple moving average of $82.75 and a two-hundred day simple moving average of $80.86. The company has a market cap of $35.80 billion, a P/E ratio of 34.13, a PEG ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS 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 company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the firm posted $0.54 EPS. Research 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, June 2nd. Investors of record on Friday, May 2nd were given a $0.60 dividend. The ex-dividend date was Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.89%. Entergy’s payout ratio is 77.92%.

About Entergy

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.