3,000 Shares in Entergy Corporation (NYSE:ETR) Acquired by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. bought a new stake in Entergy Corporation (NYSE:ETR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the utilities provider’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ETR. OneDigital Investment Advisors LLC lifted its holdings in shares of Entergy by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock valued at $451,000 after buying an additional 69 shares during the period. Acropolis Investment Management LLC lifted its position in shares of Entergy by 0.8% in the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock valued at $1,163,000 after acquiring an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock valued at $1,065,000 after acquiring an additional 74 shares in the last quarter. Prossimo Advisors LLC lifted its position in Entergy by 1.5% during the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after buying an additional 90 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in Entergy by 1.3% during the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock worth $952,000 after buying an additional 91 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction dated 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 directly owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ETR. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. BMO Capital Markets increased their price target on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $58.00 to $75.00 in a report on Monday, November 4th. UBS Group increased their target price on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.14.

Entergy Stock Up 2.4 %

NYSE ETR opened at $87.29 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock’s 50 day moving average is $80.59 and its two-hundred day moving average is $72.53. The company has a market capitalization of $37.57 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 2.34 and a beta of 0.72. Entergy Corporation has a 1-year low of $49.80 and a 1-year high of $88.38.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the business earned $0.26 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is presently 98.77%.

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.