Delta Financial Advisors LLC Has $3.32 Million Holdings in Entergy Corporation (NYSE:ETR)

Delta Financial Advisors LLC raised its position in Entergy Corporation (NYSE:ETR) by 100.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,762 shares of the utilities provider’s stock after purchasing an additional 21,883 shares during the quarter. Entergy accounts for 1.2% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Delta Financial Advisors LLC’s holdings in Entergy were worth $3,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Entergy during the third quarter worth approximately $27,000. Fortitude Family Office LLC raised its stake in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after buying an additional 178 shares during the last quarter. Coastline Trust Co bought a new stake in shares of Entergy during the third quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new stake in shares of Entergy during the third quarter worth approximately $42,000. Finally, Fortis Group Advisors LLC raised its stake in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ETR has been the subject of a number of recent research reports. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target for the company in a research note on Thursday, January 30th. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Mizuho upped their target price on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. Barclays upped their target price on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Six equities 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.14.

Entergy Stock Up 0.3 %

Entergy stock opened at $85.51 on Wednesday. The company has a market cap of $36.80 billion, a P/E ratio of 35.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. Entergy Corporation has a 1-year low of $49.80 and a 1-year high of $88.38. The company has a fifty day simple moving average of $79.88 and a 200 day simple moving average of $72.05. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the firm posted $0.26 EPS. Research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

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.