Entergy Corporation (NYSE:ETR) Shares Acquired by Guidance Capital Inc.

Guidance Capital Inc. increased its stake in shares of Entergy Corporation (NYSE:ETR) by 110.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,984 shares of the utilities provider’s stock after purchasing an additional 6,813 shares during the quarter. Guidance Capital Inc.’s holdings in Entergy were worth $1,071,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its position in shares of Entergy by 21.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock worth $129,840,000 after acquiring an additional 174,093 shares in the last quarter. Empowered Funds LLC lifted its stake in Entergy by 40.7% during the third quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock worth $2,448,000 after purchasing an additional 5,381 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Entergy by 4.0% in the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock valued at $36,885,000 after purchasing an additional 10,697 shares in the last quarter. Ausbil Investment Management Ltd increased its stake in Entergy by 11.4% in the third quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider’s stock valued at $12,795,000 after purchasing an additional 9,986 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of Entergy during the 3rd quarter worth approximately $32,541,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of a number of research reports. Mizuho boosted their price target on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research report on Monday, November 4th. Barclays upped their target price on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. Finally, Scotiabank cut their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. Five equities research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Stock Down 0.5 %

Entergy stock opened at $81.66 on Wednesday. The stock’s 50 day moving average price is $77.34 and its 200 day moving average price is $69.08. Entergy Corporation has a 1-year low of $48.08 and a 1-year high of $84.26. The company has a market cap of $35.02 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.94%. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Insider Activity

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total transaction of $616,090.02. Following the transaction, the insider now directly owns 4,032 shares in the company, valued at approximately $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the sale, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% 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.