RDA Financial Network Has $223,000 Stock Position in Entergy Corporation (NYSE:ETR)

RDA Financial Network lessened its stake in Entergy Corporation (NYSE:ETR) by 5.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,610 shares of the utilities provider’s stock after selling 136 shares during the quarter. RDA Financial Network’s holdings in Entergy were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ETR. Vanguard Group Inc. increased its holdings in Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after buying an additional 26,312,267 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Entergy by 142.8% in the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider’s stock valued at $1,334,034,000 after buying an additional 10,347,926 shares during the last quarter. FMR LLC boosted its stake in shares of Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock worth $956,273,000 after acquiring an additional 5,998,760 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Entergy by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider’s stock worth $976,895,000 after acquiring an additional 5,368,396 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Entergy by 106.2% in the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock valued at $774,103,000 after acquiring an additional 5,271,559 shares during the period. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Wells Fargo & Company upped their price target on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI raised their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of Entergy in a report on Wednesday, April 23rd. Four research 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 stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and an average price target of $86.04.

Entergy Stock Up 0.4%

NYSE ETR opened at $82.11 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The company has a market cap of $35.37 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.34 and a beta of 0.59. The company has a 50 day moving average of $82.54 and a 200-day moving average of $81.06. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38.

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

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.92%. Entergy’s dividend payout ratio is 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.