Addison Advisors LLC Acquires 281 Shares of Entergy Corporation (NYSE:ETR)

Addison Advisors LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 175.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 441 shares of the utilities provider’s stock after purchasing an additional 281 shares during the period. Addison Advisors LLC’s holdings in Entergy were worth $33,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BankPlus Trust Department acquired a new stake in shares of Entergy during the fourth quarter worth approximately $47,000. Rothschild Investment LLC increased its holdings in shares of Entergy by 109.9% during the fourth quarter. Rothschild Investment LLC now owns 699 shares of the utilities provider’s stock worth $53,000 after buying an additional 366 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Entergy by 128.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 6,659 shares of the utilities provider’s stock worth $505,000 after buying an additional 3,741 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Entergy by 189.4% during the fourth quarter. IFP Advisors Inc now owns 4,784 shares of the utilities provider’s stock worth $366,000 after buying an additional 3,131 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Entergy during the fourth quarter worth approximately $1,591,000. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI raised their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $58.00 to $75.00 in a report on Monday, November 4th. KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and raised their price target for the company from $69.00 to $77.00 in a report on Monday, November 4th. Six research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.14.

Insider Transactions 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 transaction 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. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.39% of the company’s stock.

Entergy Price Performance

Shares of ETR stock opened at $85.51 on Wednesday. Entergy Corporation has a 52-week low of $49.80 and a 52-week high of $88.38. The stock has a market cap of $36.80 billion, a PE ratio of 35.12, a PEG ratio of 2.34 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The firm’s 50 day moving average price is $79.88 and its two-hundred day moving average price is $72.05.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (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 firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm earned $0.26 earnings per share. As a group, analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

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

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.