Entergy Co. (NYSE:ETR) Shares Purchased by Fortis Group Advisors LLC

Fortis Group Advisors LLC increased its holdings in Entergy Co. (NYSE:ETRFree Report) by 100.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 688 shares of the utilities provider’s stock after purchasing an additional 344 shares during the quarter. Fortis Group Advisors LLC’s holdings in Entergy were worth $70,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ETR. Tidemark LLC acquired a new stake in shares of Entergy in the 4th quarter worth $25,000. OLD Point Trust & Financial Services N A acquired a new stake in shares of Entergy in the 4th quarter valued at about $35,000. CVA Family Office LLC acquired a new position in Entergy during the fourth quarter worth approximately $41,000. Able Wealth Management LLC acquired a new stake in Entergy during the 4th quarter worth $43,000. Finally, Jones Financial Companies Lllp increased its stake in Entergy by 58.9% in the fourth quarter. Jones Financial Companies Lllp now owns 483 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ETR. Mizuho upped their price target on Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. 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. Morgan Stanley increased their price objective on shares of Entergy from $94.00 to $103.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Wells Fargo & Company increased their target price on Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Barclays lifted their price target on shares of Entergy from $107.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.12.

Get Our Latest Stock Report on ETR

Entergy Stock Down 0.1 %

ETR traded down $0.08 on Friday, reaching $107.02. The company’s stock had a trading volume of 1,526,355 shares, compared to its average volume of 1,811,297. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $114.28. The business’s 50 day moving average is $108.39 and its 200 day moving average is $103.96. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 2.02 and a beta of 0.73.

Entergy (NYSE:ETRGet Free Report) last posted its quarterly 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). The company had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 earnings per share. As a group, research analysts forecast that Entergy Co. will post 7.23 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Thursday, May 2nd were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 4.22%. The ex-dividend date was Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the transaction, the insider now owns 2,479 shares of the company’s stock, valued at $273,260.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Reginald T. Jackson sold 9,229 shares of Entergy stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares in the company, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the transaction, the insider now owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

About Entergy

(Free Report)

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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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