Truvestments Capital LLC Purchases 403 Shares of Entergy Corporation (NYSE:ETR)

Truvestments Capital LLC lifted its position in shares of Entergy Corporation (NYSE:ETR) by 101.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 801 shares of the utilities provider’s stock after buying an additional 403 shares during the quarter. Truvestments Capital LLC’s holdings in Entergy were worth $61,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP lifted its position in shares of Entergy by 237.5% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 900,099 shares of the utilities provider’s stock valued at $68,246,000 after acquiring an additional 633,369 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in Entergy during the 4th quarter valued at approximately $45,000. EverSource Wealth Advisors LLC lifted its holdings in Entergy by 484.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,129 shares of the utilities provider’s stock worth $389,000 after purchasing an additional 4,252 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Entergy by 129.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,268 shares of the utilities provider’s stock worth $399,000 after purchasing an additional 2,968 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Entergy by 100.8% during the 4th quarter. HighTower Advisors LLC now owns 87,795 shares of the utilities provider’s stock valued at $6,657,000 after buying an additional 44,083 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. BMO Capital Markets raised their price objective on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Scotiabank decreased their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.11.

Entergy Stock Performance

NYSE:ETR opened at $82.85 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The stock’s fifty day moving average is $81.91 and its 200 day moving average is $73.94. The firm has a market capitalization of $35.66 billion, a PE ratio of 34.03, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the business earned $0.26 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. Entergy’s payout ratio is 98.77%.

Entergy Company 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.