Tidemark LLC Increases Stock Holdings in Entergy Corporation (NYSE:ETR)

Tidemark LLC boosted its stake in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 500 shares of the utilities provider’s stock after acquiring an additional 250 shares during the quarter. Tidemark LLC’s holdings in Entergy were worth $38,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fortis Group Advisors LLC lifted its stake 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 acquiring an additional 172 shares in the last quarter. NBT Bank N A NY increased its holdings in Entergy by 100.0% during 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 during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Entergy in the 3rd quarter valued at approximately $27,000. Duncker Streett & Co. Inc. boosted its stake 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 buying an additional 179 shares during the last quarter. Finally, Riverview Trust Co grew its position in shares of Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Scotiabank lowered their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, UBS Group boosted their price target on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Six investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.11.

Entergy Trading Up 2.6 %

Shares of NYSE:ETR opened at $85.00 on Monday. 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 company’s 50-day moving average price is $82.07 and its 200 day moving average price is $74.32. The company has a market cap of $36.59 billion, a PE ratio of 34.91, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR) last released its quarterly earnings results 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. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. Sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.82%. 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.