First Horizon Advisors Inc. Acquires 291 Shares of Entergy Corporation (NYSE:ETR)

First Horizon Advisors Inc. grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 17.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,914 shares of the utilities provider’s stock after acquiring an additional 291 shares during the period. First Horizon Advisors Inc.’s holdings in Entergy were worth $145,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ETR. Legacy Investment Solutions LLC bought a new position in Entergy during the third quarter worth $27,000. Fortitude Family Office LLC raised its stake in Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after buying an additional 178 shares during the last quarter. Coastline Trust Co bought a new position in Entergy during the third quarter worth $31,000. Ashton Thomas Securities LLC bought a new position in Entergy during the third quarter worth $42,000. Finally, Fortis Group Advisors LLC raised its stake in Entergy by 100.0% during the fourth 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. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR stock opened at $86.09 on Thursday. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 2.34 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a 52 week low of $49.80 and a 52 week high of $88.38. The firm’s 50-day simple moving average is $80.13 and its two-hundred day simple moving average is $72.15.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the previous year, the firm posted $0.26 earnings per share. As a group, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is currently 98.77%.

Analysts Set New Price Targets

ETR has been the subject of a number of analyst reports. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $58.00 to $75.00 in a research note on Monday, November 4th. UBS Group lifted their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Barclays raised their price target on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, Wells Fargo & Company raised their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the sale, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.39% of the company’s stock.

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.