Kestra Private Wealth Services LLC Has $850,000 Stock Position in Entergy Co. (NYSE:ETR)

Kestra Private Wealth Services LLC increased its position in shares of Entergy Co. (NYSE:ETR) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,399 shares of the utilities provider’s stock after purchasing an additional 518 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Entergy were worth $850,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ETR. EverSource Wealth Advisors LLC increased its position in shares of Entergy by 157.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 165 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Entergy in the 3rd quarter valued at about $32,000. Fortis Group Advisors LLC acquired a new stake in Entergy in the 3rd quarter valued at about $32,000. CVA Family Office LLC acquired a new stake in Entergy in the 4th quarter valued at about $41,000. Finally, Millburn Ridgefield Corp acquired a new stake in Entergy in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.9 %

Entergy stock opened at $108.08 on Friday. The company’s 50 day simple moving average is $104.02 and its 200 day simple moving average is $101.12. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $108.45. The firm has a market capitalization of $23.05 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 2.01 and a beta of 0.69. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). The firm had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. As a group, sell-side analysts anticipate that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a yield of 4.18%. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Insiders Place Their Bets

In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the sale, the executive vice president now directly owns 16,037 shares in the company, valued at approximately $1,609,312.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the sale, the executive vice president now directly owns 16,037 shares in the company, valued at $1,609,312.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of Entergy stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the sale, the insider now owns 3,442 shares in the company, valued at $348,433.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,000 shares of company stock worth $1,226,685. Company insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ETR. KeyCorp raised their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Barclays lowered their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. Scotiabank reduced their target price on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Finally, BMO Capital Markets raised their target price on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.45.

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.