Motco Buys 532 Shares of Entergy Corporation (NYSE:ETR)

Motco increased its stake in shares of Entergy Corporation (NYSE:ETR) by 76.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,232 shares of the utilities provider’s stock after purchasing an additional 532 shares during the quarter. Motco’s holdings in Entergy were worth $93,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Private Trust Co. NA grew its stake in shares of Entergy by 114.1% during the fourth quarter. Private Trust Co. NA now owns 4,732 shares of the utilities provider’s stock valued at $359,000 after purchasing an additional 2,522 shares during the last quarter. First American Bank grew its stake in shares of Entergy by 102.2% during the fourth quarter. First American Bank now owns 27,356 shares of the utilities provider’s stock valued at $2,074,000 after purchasing an additional 13,824 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Entergy by 398.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,804 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 1,442 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in shares of Entergy by 89.7% during the fourth quarter. Anchor Capital Advisors LLC now owns 228,126 shares of the utilities provider’s stock valued at $17,297,000 after purchasing an additional 107,856 shares during the last quarter. Finally, CORDA Investment Management LLC. bought a new stake in shares of Entergy during the fourth quarter valued at approximately $1,128,000. 88.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s 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 sale, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by company insiders.

Entergy Trading Up 2.4 %

Shares of NYSE ETR opened at $87.29 on Friday. The company’s fifty day moving average is $80.59 and its 200-day moving average is $72.43. The stock has a market cap of $37.57 billion, a price-to-earnings ratio of 35.85, a P/E/G ratio of 2.34 and a beta of 0.72. Entergy Corporation has a twelve month low of $49.80 and a twelve month high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping 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 business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the business posted $0.26 earnings per share. Equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued 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 2.75%. Entergy’s payout ratio is 98.77%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ETR shares. Scotiabank reduced their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. UBS Group raised their price objective on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. BMO Capital Markets raised their price objective on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $69.00 to $77.00 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 data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $82.14.

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.