Lindbrook Capital LLC Grows Stock Holdings in Entergy Co. (NYSE:ETR)

Lindbrook Capital LLC boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 167.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 685 shares of the utilities provider’s stock after acquiring an additional 429 shares during the period. Lindbrook Capital LLC’s holdings in Entergy were worth $69,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Wealth Alliance increased its position in Entergy by 1.2% during the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock valued at $830,000 after acquiring an additional 101 shares during the last quarter. Marino Stram & Associates LLC increased its position in Entergy by 1.8% during the fourth quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock valued at $585,000 after acquiring an additional 102 shares during the last quarter. Brown Advisory Inc. increased its position in Entergy by 5.1% during the third quarter. Brown Advisory Inc. now owns 2,353 shares of the utilities provider’s stock valued at $218,000 after acquiring an additional 115 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Entergy by 1.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock valued at $674,000 after acquiring an additional 124 shares during the last quarter. Finally, IFG Advisory LLC increased its position in Entergy by 3.8% during the fourth quarter. IFG Advisory LLC now owns 3,782 shares of the utilities provider’s stock valued at $383,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of analyst reports. Scotiabank cut their price objective on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $117.00 price target on shares of Entergy in a report on Monday, February 26th. KeyCorp upped their price target on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. BMO Capital Markets upped their price target on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Barclays cut their price target on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $109.45.

Entergy Stock Down 0.7 %

Shares of Entergy stock opened at $106.46 on Thursday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $109.53. The firm’s 50-day moving average is $103.13 and its two-hundred day moving average is $100.53. The stock has a market cap of $22.70 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 2.12 and a beta of 0.71.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.54% and a net margin of 19.41%. The business had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. As a group, research analysts expect that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Wednesday, May 1st. Entergy’s payout ratio is 40.76%.

Insider Buying and Selling at Entergy

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,609,312.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,000 shares of company stock valued at $1,226,685. 0.39% of the stock is currently owned by insiders.

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.