Entergy Corporation (NYSE:ETR) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC increased its position in Entergy Corporation (NYSE:ETR) by 100.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158,182 shares of the utilities provider’s stock after buying an additional 79,091 shares during the quarter. Calamos Advisors LLC’s holdings in Entergy were worth $11,993,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETR. Legacy Investment Solutions LLC purchased a new stake in Entergy during the 3rd quarter worth $27,000. Cetera Trust Company N.A purchased a new stake in shares of Entergy in the third quarter worth about $29,000. Fortitude Family Office LLC grew its stake in shares of Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after buying an additional 178 shares in the last quarter. IFS Advisors LLC purchased a new stake in shares of Entergy during the 4th quarter valued at about $30,000. Finally, Ulland Investment Advisors LLC lifted its position in Entergy by 100.0% during the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $81.66 on Wednesday. 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 Corporation has a 12-month low of $48.08 and a 12-month high of $84.26. The business’s fifty day moving average price is $77.34 and its 200 day moving average price is $69.08. The stock has a market capitalization 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.

Entergy Dividend Announcement

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 issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Insider Activity at Entergy

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

Analyst Ratings Changes

A number of research firms have recently issued reports on ETR. UBS Group lifted their price objective on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. BMO Capital Markets lowered their target price on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. Mizuho boosted their price target on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $58.00 to $75.00 in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $79.81.

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.