TruWealth Advisors LLC Makes New Investment in Entergy Corporation (NYSE:ETR)

TruWealth Advisors LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,399 shares of the utilities provider’s stock, valued at approximately $205,000.

A number of other hedge funds have also made changes to their positions in ETR. Fortis Group Advisors LLC increased its position in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares during the period. NBT Bank N A NY grew its holdings in 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 acquiring an additional 170 shares during the period. Duncker Streett & Co. Inc. boosted its position 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 valued at $27,000 after purchasing an additional 179 shares in the last quarter. Sandy Spring Bank grew its stake in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Glen Eagle Advisors LLC raised its holdings in shares of Entergy by 100.0% in the 4th 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 and hedge funds own 88.07% of the company’s stock.

Entergy Stock Down 1.2%

Shares of NYSE:ETR opened at $81.91 on Thursday. The company has a market capitalization of $35.28 billion, a PE ratio of 33.64, a P/E/G ratio of 2.34 and a beta of 0.62. The company’s fifty day moving average is $82.69 and its 200-day moving average is $80.88. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38.

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

Entergy Dividend Announcement

The company also recently disclosed 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. This represents a $2.40 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, May 2nd. Entergy’s dividend payout ratio is currently 77.92%.

Analyst Ratings Changes

Several research firms have recently weighed in on ETR. Morgan Stanley reissued an “overweight” rating on shares of Entergy in a research report on Wednesday, April 23rd. KeyCorp upgraded Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective for the company in a report on Wednesday, May 14th. Evercore ISI boosted 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. Barclays boosted their price target on Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, UBS Group raised their target price on shares of Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.04.

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.