Farther Finance Advisors LLC Acquires 3,062 Shares of Entergy Corporation (NYSE:ETR)

Farther Finance Advisors LLC raised its holdings in Entergy Corporation (NYSE:ETR) by 127.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,471 shares of the utilities provider’s stock after buying an additional 3,062 shares during the period. Farther Finance Advisors LLC’s holdings in Entergy were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. NBT Bank N A NY lifted its stake in shares of Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares in the last quarter. Fortis Group Advisors LLC lifted its stake in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after buying an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. lifted its stake in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares in the last quarter. Sandy Spring Bank lifted its stake in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares in the last quarter. Finally, Glen Eagle Advisors LLC lifted its stake 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 valued at $27,000 after buying an additional 180 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ETR. KeyCorp raised shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised their price target on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley reissued an “overweight” rating on shares of Entergy in a research report on Wednesday, April 23rd. Raymond James began coverage on shares of Entergy in a research report on Friday. They set a “market perform” rating on the stock. Finally, Barclays raised their price target on shares of Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Five 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.04.

Entergy Price Performance

ETR opened at $81.98 on Monday. The company has a market capitalization of $35.31 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.34 and a beta of 0.59. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $82.60 and a 200-day moving average price of $81.24. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38.

Entergy (NYSE:ETR) last posted its earnings results 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 firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the company earned $0.54 earnings per share. Equities analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were paid a $0.60 dividend. The ex-dividend date was Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.93%. 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.