Stiles Financial Services Inc Buys Shares of 3,318 Entergy Co. (NYSE:ETR)

Stiles Financial Services Inc bought a new position in Entergy Co. (NYSE:ETRFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,318 shares of the utilities provider’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Zimmer Partners LP raised its stake in Entergy by 16,815.8% during the second quarter. Zimmer Partners LP now owns 1,319,436 shares of the utilities provider’s stock worth $128,473,000 after acquiring an additional 1,311,636 shares in the last quarter. State Street Corp raised its stake in Entergy by 8.1% during the first quarter. State Street Corp now owns 12,122,596 shares of the utilities provider’s stock worth $1,415,313,000 after acquiring an additional 908,932 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Entergy by 64.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,944,167 shares of the utilities provider’s stock worth $209,465,000 after acquiring an additional 762,393 shares in the last quarter. Millennium Management LLC raised its stake in Entergy by 86.0% during the fourth quarter. Millennium Management LLC now owns 1,633,335 shares of the utilities provider’s stock worth $183,750,000 after acquiring an additional 754,971 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in Entergy by 1,294.6% during the second quarter. Osaic Holdings Inc. now owns 725,657 shares of the utilities provider’s stock worth $7,578,000 after acquiring an additional 673,623 shares in the last quarter. 86.52% of the stock is owned by institutional investors.

Entergy Price Performance

Entergy stock opened at $99.60 on Tuesday. The business’s 50-day simple moving average is $101.28 and its 200 day simple moving average is $98.15. The stock has a market cap of $21.06 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.99 and a beta of 0.71. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $111.90. The company has a quick ratio of 0.65, a current ratio of 0.91 and a debt-to-equity ratio of 1.80.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.54%. The ex-dividend date is Thursday, February 8th. Entergy’s dividend payout ratio is 64.94%.

Insiders Place Their Bets

In other Entergy news, EVP Marcus V. Brown sold 38,417 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $101.53, for a total transaction of $3,900,478.01. Following the transaction, the executive vice president now owns 9,380 shares in the company, valued at $952,351.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ETR shares. Morgan Stanley increased their price objective on Entergy from $92.00 to $94.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 21st. Bank of America upgraded Entergy from a “neutral” rating to a “buy” rating and raised their target price for the company from $94.00 to $110.00 in a research note on Tuesday, November 21st. Barclays raised their target price on Entergy from $99.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Guggenheim raised their target price on Entergy from $99.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. raised their target price on Entergy from $117.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $110.82.

Check Out Our Latest Stock Analysis on Entergy

About Entergy

(Free Report)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

Further Reading

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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