Forefront Wealth Management Inc. Makes New Investment in Entergy Corporation (NYSE:ETR)

Forefront Wealth Management Inc. acquired a new position in Entergy Corporation (NYSE:ETR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,000 shares of the utilities provider’s stock, valued at approximately $303,000.

Other large investors have also added to or reduced their stakes in the company. Fortis Group Advisors LLC increased its stake in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. NBT Bank N A NY increased its position in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Entergy during the 3rd quarter valued at approximately $27,000. Duncker Streett & Co. Inc. increased 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 purchasing an additional 179 shares during the last quarter. Finally, Sandy Spring Bank increased its position in shares of Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. 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 research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. UBS Group boosted their target price on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley upped their price objective on Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday. 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 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 stock opened at $83.74 on Friday. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The stock has a market capitalization of $36.04 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 2.34 and a beta of 0.68. The stock has a fifty day simple moving average of $82.90 and a two-hundred day simple moving average of $74.96. 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 issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the prior year, the business posted $0.26 EPS. On average, analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given 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 is currently 98.77%.

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.