Kingswood Wealth Advisors LLC Decreases Position in Entergy Corporation (NYSE:ETR)

Kingswood Wealth Advisors LLC cut its stake in Entergy Corporation (NYSE:ETR) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,401 shares of the utilities provider’s stock after selling 275 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Entergy were worth $205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBT Bank N A NY raised its holdings in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock worth $30,000 after buying an additional 230 shares during the last quarter. Duncker Streett & Co. Inc. increased its holdings 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 worth $27,000 after buying an additional 179 shares during the last quarter. Sandy Spring Bank increased its holdings in shares of Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares during the last quarter. Finally, Glen Eagle Advisors LLC increased its holdings in shares of Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after buying an additional 180 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Morgan Stanley cut their price target on shares of Entergy from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. Barclays raised their price target on shares of Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, Raymond James Financial assumed coverage on shares of Entergy in a report on Friday, June 13th. They set a “market perform” rating for the company. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $86.25.

Entergy Stock Performance

Shares of ETR stock opened at $82.65 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The stock has a market capitalization of $35.60 billion, a PE ratio of 26.83, a P/E/G ratio of 2.21 and a beta of 0.60. The firm has a 50 day moving average of $82.68 and a two-hundred day moving average of $81.44.

Entergy (NYSE:ETR) last issued 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 company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same quarter last year, the company posted $0.54 EPS. On average, research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. Entergy’s dividend payout ratio (DPR) 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.