Twin City Private Wealth LLC Has $2.22 Million Stock Position in Entergy Corporation (NYSE:ETR)

Twin City Private Wealth LLC increased its position in shares of Entergy Corporation (NYSE:ETR) by 107.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,331 shares of the utilities provider’s stock after buying an additional 15,163 shares during the quarter. Entergy comprises about 2.0% of Twin City Private Wealth LLC’s portfolio, making the stock its 18th biggest position. Twin City Private Wealth LLC’s holdings in Entergy were worth $2,224,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ETR. Fortis Group Advisors LLC raised its stake in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares during the period. NBT Bank N A NY raised 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 worth $26,000 after purchasing an additional 170 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy in the third quarter worth approximately $27,000. Duncker Streett & Co. Inc. raised 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 worth $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Sandy Spring Bank raised 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 worth $27,000 after purchasing an additional 179 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

Shares of NYSE ETR opened at $83.74 on Monday. The stock has a fifty day simple moving average of $82.90 and a two-hundred day simple moving average of $75.16. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The firm has a market cap of $36.07 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

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 business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the company earned $0.26 earnings per share. Analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.87%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio (DPR) is 98.77%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. 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 note on Thursday, January 30th. Evercore ISI increased their price objective on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. BMO Capital Markets increased their price objective on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Morgan Stanley upped their target price on Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Wells Fargo & Company upped their target price on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.