Y.D. More Investments Ltd Increases Position in Entergy Corporation (NYSE:ETR)

Y.D. More Investments Ltd raised its position in shares of Entergy Corporation (NYSE:ETR) by 90.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,976 shares of the utilities provider’s stock after buying an additional 941 shares during the period. Y.D. More Investments Ltd’s holdings in Entergy were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of ETR. Czech National Bank grew its position in Entergy by 7.0% in the 3rd quarter. Czech National Bank now owns 43,555 shares of the utilities provider’s stock valued at $5,732,000 after acquiring an additional 2,864 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Entergy by 20.7% in the third quarter. GAMMA Investing LLC now owns 6,113 shares of the utilities provider’s stock valued at $805,000 after purchasing an additional 1,049 shares during the period. A. D. Beadell Investment Counsel Inc. acquired a new position in shares of Entergy in the third quarter valued at approximately $1,539,000. Bank & Trust Co increased its stake in Entergy by 12.8% during the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after buying an additional 90 shares during the period. Finally, Clarius Group LLC acquired a new stake in Entergy during the 3rd quarter worth approximately $213,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their target price on Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. BMO Capital Markets reduced their price target on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Mizuho boosted their price objective on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and raised their target price for the company from $69.00 to $77.00 in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $79.81.

Insider Buying and Selling at Entergy

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

Entergy Stock Up 1.1 %

ETR opened at $82.53 on Thursday. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The stock has a market capitalization of $35.39 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The business’s 50-day simple moving average is $77.42 and its 200-day simple moving average is $69.27.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.91%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is 58.47%.

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.