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

Tritonpoint Wealth LLC boosted its position in Entergy Corporation (NYSE:ETR) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,483 shares of the utilities provider’s stock after purchasing an additional 378 shares during the period. Tritonpoint Wealth LLC’s holdings in Entergy were worth $1,067,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. NBT Bank N A NY boosted its position in Entergy by 100.0% in the fourth 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. Fortis Group Advisors LLC boosted its position in 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 purchasing an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Sandy Spring Bank boosted its position in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Glen Eagle Advisors LLC raised its stake in shares of Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after buying an additional 180 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ETR. KeyCorp raised Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research note on Wednesday, May 14th. Wells Fargo & Company raised their price objective on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. BMO Capital Markets raised their price objective on Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Barclays raised their price objective on Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Evercore ISI raised their price objective on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.04.

Entergy Stock Performance

NYSE:ETR opened at $81.98 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38. The stock’s 50 day simple moving average is $82.60 and its two-hundred day simple moving average is $81.22. The company has a market cap of $35.31 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.34 and a beta of 0.59.

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

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, May 2nd. Entergy’s dividend payout ratio is currently 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.