CMC Financial Group Purchases Shares of 3,092 Entergy Corporation (NYSE:ETR)

CMC Financial Group purchased a new stake in Entergy Corporation (NYSE:ETR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,092 shares of the utilities provider’s stock, valued at approximately $234,000. Entergy makes up approximately 0.5% of CMC Financial Group’s investment portfolio, making the stock its 21st biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in Entergy in the third quarter valued at approximately $27,000. NBT Bank N A NY lifted its position 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 during the last quarter. 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 valued at $26,000 after buying an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. lifted its position 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 during the last quarter. Finally, Sandy Spring Bank lifted its position 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 during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

Shares of NYSE ETR opened at $83.74 on Monday. The stock has a market capitalization of $36.07 billion, a PE ratio of 34.39, a P/E/G ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The business has a fifty day moving average price of $82.90 and a two-hundred day moving average price of $75.16. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38.

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 the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the previous year, the firm earned $0.26 EPS. As a group, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared 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 2.87%. Entergy’s payout ratio is 98.77%.

Analyst Ratings Changes

A number of analysts have recently issued reports on ETR shares. UBS Group raised their price objective on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Friday. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. Scotiabank cut their price objective 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. JPMorgan Chase & Co. lifted their price target on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, Evercore ISI lifted their price target on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Six research 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.75.

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.