Entergy Corporation (NYSE:ETR) Shares Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. increased its position in shares of Entergy Corporation (NYSE:ETR) by 185.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 786 shares of the utilities provider’s stock after acquiring an additional 511 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Entergy were worth $60,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ETR. Gateway Investment Advisers LLC acquired a new position in shares of Entergy during the 3rd quarter worth $208,000. Exchange Traded Concepts LLC acquired a new position in Entergy during the third quarter worth about $1,101,000. Thomasville National Bank purchased a new stake in shares of Entergy in the third quarter valued at about $2,317,000. Oliver Luxxe Assets LLC grew its position in shares of Entergy by 37.5% in the third quarter. Oliver Luxxe Assets LLC now owns 30,586 shares of the utilities provider’s stock valued at $4,025,000 after purchasing an additional 8,348 shares during the last quarter. Finally, NBC Securities Inc. increased its stake in shares of Entergy by 4,629.8% during the 3rd quarter. NBC Securities Inc. now owns 24,311 shares of the utilities provider’s stock worth $3,199,000 after purchasing an additional 23,797 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of ETR stock opened at $81.81 on Tuesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The firm has a market capitalization of $35.08 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26. The company has a 50 day moving average price of $77.68 and a 200 day moving average price of $69.84.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.93%. Entergy’s payout ratio is 58.39%.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ETR. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $58.00 to $75.00 in a research note on Monday, November 4th. Guggenheim upped their price objective on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their price objective on Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. BMO Capital Markets reduced their target price on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a report on Monday, November 18th. Finally, Mizuho lifted their price target on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.81.

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.