Entergy Corporation (NYSE:ETR) Shares Acquired by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lifted its position in shares of Entergy Corporation (NYSE:ETR) by 74.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,012,308 shares of the utilities provider’s stock after buying an additional 859,617 shares during the quarter. Entergy makes up about 4.0% of Reaves W H & Co. Inc.’s holdings, making the stock its 4th largest position. Reaves W H & Co. Inc. owned about 0.47% of Entergy worth $152,573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in shares of Entergy by 21.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock worth $129,840,000 after buying an additional 174,093 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Entergy by 40.7% during the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock worth $2,448,000 after buying an additional 5,381 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Entergy by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock worth $36,885,000 after buying an additional 10,697 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Entergy during the 4th quarter worth $4,393,000. Finally, Flagship Harbor Advisors LLC raised its stake in Entergy by 74.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock valued at $603,000 after purchasing an additional 3,393 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ETR. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $69.00 to $77.00 in a research note on Monday, November 4th. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $58.00 to $75.00 in a research note on Monday, November 4th. Finally, Mizuho boosted 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. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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 the business’s stock in a transaction dated Friday, December 13th. The stock was 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 in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.39% of the company’s stock.

Entergy Stock Up 0.7 %

Shares of NYSE:ETR opened at $87.96 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a 1 year low of $49.92 and a 1 year high of $88.72. The stock has a market capitalization of $37.86 billion, a P/E ratio of 36.12, a PEG ratio of 2.34 and a beta of 0.72. The stock has a 50-day simple moving average of $80.84 and a 200-day simple moving average of $72.83.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the business earned $0.26 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Monday, February 10th. Entergy’s payout ratio is currently 98.77%.

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.