Childress Capital Advisors LLC Purchases 3,098 Shares of Entergy Corporation (NYSE:ETR)

Childress Capital Advisors LLC grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 102.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,134 shares of the utilities provider’s stock after acquiring an additional 3,098 shares during the period. Childress Capital Advisors LLC’s holdings in Entergy were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in ETR. Franklin Resources Inc. raised its holdings in Entergy by 53.0% during the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after acquiring an additional 1,981,611 shares during the period. Jennison Associates LLC grew its holdings in Entergy by 139.5% during the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock valued at $183,754,000 after buying an additional 1,411,473 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after purchasing an additional 1,354,355 shares in the last quarter. Confluence Investment Management LLC increased its stake in Entergy by 96.0% in the 4th quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock worth $121,863,000 after acquiring an additional 787,367 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Entergy by 1,490.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 687,874 shares of the utilities provider’s stock worth $52,155,000 after acquiring an additional 644,622 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of NYSE:ETR opened at $82.04 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $35.18 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The firm has a 50 day moving average of $77.23 and a 200 day moving average of $68.90. Entergy Corporation has a 52 week low of $48.08 and a 52 week high of $84.26.

Entergy Dividend Announcement

The company 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 $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.93%. Entergy’s dividend payout ratio is presently 58.47%.

Insider Activity

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 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. In the last ninety days, insiders have sold 14,756 shares of company stock worth $1,095,637. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on ETR shares. Royal Bank of Canada increased their price objective on shares of Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Mizuho lifted their price target on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company upped their price objective on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Scotiabank cut 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, StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Five research 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.com, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $79.81.

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.