RWA Wealth Partners LLC Purchases Shares of 6,031 Entergy Corporation (NYSE:ETR)

RWA Wealth Partners LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,031 shares of the utilities provider’s stock, valued at approximately $457,000.

A number of other institutional investors have also recently made changes to their positions in ETR. Fortis Group Advisors LLC lifted 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 worth $26,000 after buying an additional 172 shares in the last quarter. NBT Bank N A NY increased 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 acquiring an additional 170 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy during the 3rd quarter worth approximately $27,000. Duncker Streett & Co. Inc. boosted 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 valued at $27,000 after acquiring an additional 179 shares during the last quarter. Finally, Sandy Spring Bank grew its holdings 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 purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.2 %

NYSE:ETR opened at $85.63 on Wednesday. The company has a market cap of $36.89 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a fifty day simple moving average of $83.45 and a 200-day simple moving average of $76.28.

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

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 yield of 2.80%. Entergy’s dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analyst Weigh In

Several research firms have commented on ETR. Morgan Stanley increased their price objective on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. BMO Capital Markets increased their price target on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $84.75.

Entergy 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.