Entergy Corporation (NYSE:ETR) Stock Position Raised by TCTC Holdings LLC

TCTC Holdings LLC raised its position in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, Holdings Channel reports. The firm owned 4,922 shares of the utilities provider’s stock after buying an additional 2,461 shares during the period. TCTC Holdings LLC’s holdings in Entergy were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETR. OneDigital Investment Advisors LLC grew its holdings in shares of Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after purchasing an additional 69 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in shares of Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after purchasing an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of Entergy by 0.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after purchasing an additional 74 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Entergy by 1.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock worth $952,000 after purchasing an additional 91 shares in the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of Entergy by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 6,828 shares of the utilities provider’s stock worth $899,000 after purchasing an additional 130 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ETR. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. BMO Capital Markets raised their target price on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. UBS Group raised their target price on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Scotiabank cut their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their target price on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.11.

Entergy Trading Up 2.6 %

Shares of ETR opened at $85.00 on Monday. The stock has a fifty day moving average price of $82.07 and a two-hundred day moving average price of $74.32. 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 $50.19 and a 52-week high of $88.38. The company has a market cap of $36.59 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the firm earned $0.26 EPS. Analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.82%. Entergy’s dividend payout ratio (DPR) is currently 98.77%.

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.