Segment Wealth Management LLC Boosts Stock Holdings in Entergy Corporation (NYSE:ETR)

Segment Wealth Management LLC boosted its stake in shares of Entergy Corporation (NYSE:ETR) by 8.6% during the first quarter, HoldingsChannel.com reports. The firm owned 6,062 shares of the utilities provider’s stock after acquiring an additional 478 shares during the period. Segment Wealth Management LLC’s holdings in Entergy were worth $518,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. NBT Bank N A NY raised its stake 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 purchasing an additional 170 shares during the period. Grove Bank & Trust raised its stake in Entergy by 188.5% during the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 230 shares during the period. Duncker Streett & Co. Inc. raised its stake in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the period. Sandy Spring Bank increased its position in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 179 shares in the last quarter. Finally, Glen Eagle Advisors LLC increased 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 acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group increased 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. Morgan Stanley dropped their price objective 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. Raymond James Financial assumed coverage on shares of Entergy in a research report on Friday, June 13th. They issued a “market perform” rating for the company. 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. Finally, BMO Capital Markets increased their price objective on shares of Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.25.

Entergy Price Performance

ETR opened at $80.99 on Friday. The company has a fifty day simple moving average of $82.68 and a 200 day simple moving average of $81.32. The firm has a market cap of $34.89 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.20 and a beta of 0.59. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91.

Entergy (NYSE:ETR) last announced 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. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period last year, the business earned $0.54 EPS. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy’s dividend payout ratio is currently 77.92%.

Entergy Company 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.