Entergy Corporation (NYSE:ETR) Shares Purchased by Fortis Group Advisors LLC

Fortis Group Advisors LLC raised its stake in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 344 shares of the utilities provider’s stock after purchasing an additional 172 shares during the period. Fortis Group Advisors LLC’s holdings in Entergy were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Net Worth Advisory Group purchased a new stake in Entergy during the third quarter worth approximately $227,000. Blue Trust Inc. grew its stake in Entergy by 700.0% during the third quarter. Blue Trust Inc. now owns 1,696 shares of the utilities provider’s stock worth $223,000 after buying an additional 1,484 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Entergy by 1.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 104,192 shares of the utilities provider’s stock worth $13,713,000 after buying an additional 1,382 shares during the period. Foundations Investment Advisors LLC grew its stake in Entergy by 11.9% during the third quarter. Foundations Investment Advisors LLC now owns 5,583 shares of the utilities provider’s stock worth $735,000 after buying an additional 595 shares during the period. Finally, Cetera Trust Company N.A purchased a new stake in Entergy during the third quarter worth approximately $29,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ETR shares. BMO Capital Markets decreased their price objective on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company upped their target price on shares of Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and upped their target price for the company from $69.00 to $77.00 in a research note on Monday, November 4th. Finally, UBS Group upped their target price 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. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

Insiders Place Their Bets

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction dated 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. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is owned by corporate insiders.

Entergy Stock Up 6.0 %

Shares of NYSE:ETR opened at $87.45 on Wednesday. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. Entergy Corporation has a 1-year low of $49.80 and a 1-year high of $88.38. The company’s fifty day moving average is $78.47 and its two-hundred day moving average is $70.89. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the previous year, the business earned $0.26 EPS. Equities analysts anticipate that Entergy Corporation will post 3.63 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued 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 2.74%. Entergy’s dividend payout ratio (DPR) is 58.47%.

About Entergy

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.