Annis Gardner Whiting Capital Advisors LLC Purchases 345 Shares of Entergy Corporation (NYSE:ETR)

Annis Gardner Whiting Capital Advisors LLC boosted its position in Entergy Corporation (NYSE:ETR) by 98.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 696 shares of the utilities provider’s stock after purchasing an additional 345 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Entergy were worth $53,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC boosted its position 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 acquiring an additional 172 shares during the period. NBT Bank N A NY raised its stake in Entergy by 100.0% in the 4th 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 in the last quarter. Legacy Investment Solutions LLC bought a new stake in Entergy in the 3rd quarter valued at about $27,000. Duncker Streett & Co. Inc. grew 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 worth $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Sandy Spring Bank increased its holdings in shares of Entergy by 100.0% during the fourth 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 period. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ETR. Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a report on Thursday, January 30th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Scotiabank decreased their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. Finally, UBS Group upped their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Six analysts have rated the stock with a hold rating, nine 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 an average price target of $84.75.

Entergy Price Performance

Shares of ETR opened at $79.02 on Friday. 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 stock has a market cap of $34.04 billion, a PE ratio of 32.45, a PEG ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The business has a 50-day simple moving average of $83.52 and a two-hundred day simple moving average of $76.52.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the business earned $0.26 EPS. Analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.04%. Entergy’s payout ratio is 98.77%.

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.