Leeward Investments LLC MA Purchases 106,181 Shares of Entergy Corporation (NYSE:ETR)

Leeward Investments LLC MA boosted its position in shares of Entergy Corporation (NYSE:ETR) by 91.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 221,688 shares of the utilities provider’s stock after purchasing an additional 106,181 shares during the period. Leeward Investments LLC MA’s holdings in Entergy were worth $16,808,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ETR. Franklin Resources Inc. lifted its holdings in Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after purchasing an additional 1,981,611 shares during the last quarter. Jennison Associates LLC increased its position in Entergy by 139.5% in the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock valued at $183,754,000 after acquiring an additional 1,411,473 shares in the last quarter. JPMorgan Chase & Co. increased its position in Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after acquiring an additional 1,354,355 shares in the last quarter. Truist Financial Corp increased its position in Entergy by 105.0% in the 4th quarter. Truist Financial Corp now owns 2,072,950 shares of the utilities provider’s stock valued at $157,171,000 after acquiring an additional 1,061,527 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in Entergy by 96.0% in the 4th quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock valued at $121,863,000 after acquiring an additional 787,367 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Down 1.1 %

Shares of NYSE:ETR opened at $84.94 on Friday. The stock has a market cap of $36.56 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 2.34 and a beta of 0.72. The company has a 50 day moving average of $79.45 and a 200-day moving average of $71.58. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a one year low of $49.80 and a one year high of $88.38.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the previous year, the company earned $0.26 earnings per share. On average, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company 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. This represents a $2.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio is currently 98.56%.

Insider Activity at Entergy

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ETR. Mizuho raised their price objective on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research report on Monday, November 4th. 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 report on Wednesday. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. 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 report on Tuesday, December 3rd. Finally, StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price 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.