Quadcap Wealth Management LLC Raises Stake in Entergy Corporation (NYSE:ETR)

Quadcap Wealth Management LLC raised its position in Entergy Corporation (NYSE:ETR) by 22.7% in the fourth quarter, Holdings Channel reports. The fund owned 48,093 shares of the utilities provider’s stock after buying an additional 8,882 shares during the period. Quadcap Wealth Management LLC’s holdings in Entergy were worth $3,646,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC lifted its position in shares of 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 last quarter. NBT Bank N A NY lifted 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 worth $26,000 after buying an additional 170 shares during the last quarter. Duncker Streett & Co. Inc. lifted 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 worth $27,000 after buying an additional 179 shares during the last quarter. Sandy Spring Bank lifted 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 worth $27,000 after buying an additional 179 shares during the last quarter. Finally, Riverview Trust Co lifted its position in shares of Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Wells Fargo & Company lifted their target price on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. UBS Group lifted their target price on shares of Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a report on Friday, March 21st. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Finally, KeyCorp raised shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a report on Wednesday. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.04.

Entergy Stock Performance

NYSE:ETR opened at $80.53 on Thursday. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. 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 firm’s fifty day simple moving average is $82.99 and its 200-day simple moving average is $79.84. The stock has a market cap of $34.69 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm earned $0.54 EPS. Analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a $0.60 dividend. The ex-dividend date is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.98%. Entergy’s dividend payout ratio is presently 77.92%.

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.