Entergy Corporation (NYSE:ETR) Position Boosted by Allworth Financial LP

Allworth Financial LP increased its holdings in Entergy Corporation (NYSE:ETR) by 183.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,954 shares of the utilities provider’s stock after buying an additional 5,145 shares during the quarter. Allworth Financial LP’s holdings in Entergy were worth $657,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ETR. Legacy Investment Solutions LLC acquired a new position in shares of Entergy during the 3rd quarter valued at $27,000. Fortitude Family Office LLC grew its holdings in shares of Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 178 shares during the last quarter. Coastline Trust Co acquired a new position in shares of Entergy in the 3rd quarter worth $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Entergy in the 3rd quarter worth $42,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Entergy in the 3rd quarter worth $51,000. 88.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ETR. Mizuho raised their target price on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Guggenheim raised their target price on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group lifted their price objective on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Barclays lifted their price objective on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

Insider Transactions at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction 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 transaction, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by company insiders.

Entergy Trading Down 1.7 %

Shares of ETR opened at $85.82 on Friday. Entergy Corporation has a 12-month low of $49.80 and a 12-month high of $88.38. 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 firm has a market capitalization of $36.80 billion, a price-to-earnings ratio of 35.24, a P/E/G ratio of 2.67 and a beta of 0.72. The stock’s 50-day moving average price is $79.01 and its 200 day moving average price is $71.19.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.75% and a net margin of 8.90%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the company posted $0.26 EPS. As a group, research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced 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 2.80%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is currently 98.77%.

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.