Entergy Corporation (NYSE:ETR) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 99.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 23,323 shares of the utilities provider’s stock after buying an additional 11,622 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Entergy were worth $1,768,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Street Corp boosted its holdings in Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock worth $1,501,509,000 after purchasing an additional 128,667 shares during the period. FMR LLC boosted its holdings in Entergy by 5.0% in the third quarter. FMR LLC now owns 6,613,647 shares of the utilities provider’s stock worth $870,422,000 after purchasing an additional 315,750 shares during the period. Franklin Resources Inc. boosted its holdings in Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after purchasing an additional 1,981,611 shares during the period. Geode Capital Management LLC boosted its holdings in Entergy by 0.8% in the third quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider’s stock worth $651,206,000 after purchasing an additional 37,279 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Entergy by 60.6% in the third 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 during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s 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 completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Entergy Stock Performance

ETR stock opened at $82.02 on Wednesday. The company has a market capitalization of $35.17 billion, a P/E ratio of 19.98, a PEG ratio of 2.53 and a beta of 0.72. The company has a 50-day simple moving average of $77.78 and a 200 day simple moving average of $70.03. Entergy Corporation has a fifty-two week low of $48.08 and a fifty-two week high of $84.26. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.93%. The ex-dividend date is Monday, February 10th. Entergy’s payout ratio is currently 58.47%.

Analyst Ratings Changes

A number of equities analysts have commented on ETR shares. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on shares of Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Barclays raised their target price on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, Mizuho boosted their price target on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average price target 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.