SRS Capital Advisors Inc. Has $358,000 Position in Entergy Corporation (NYSE:ETR)

SRS Capital Advisors Inc. increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 801.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,726 shares of the utilities provider’s stock after acquiring an additional 4,202 shares during the period. SRS Capital Advisors Inc.’s holdings in Entergy were worth $358,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Fortis Group Advisors LLC boosted its position in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Entergy during the 3rd quarter valued at about $27,000. Duncker Streett & Co. Inc. boosted its position in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. IFS Advisors LLC acquired a new stake in shares of Entergy during the 4th quarter valued at about $30,000. Finally, Ulland Investment Advisors LLC boosted its position in shares of Entergy by 100.0% during the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Entergy

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 value of $450,146.72. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by company insiders.

Entergy Price Performance

Shares of ETR stock opened at $87.96 on Tuesday. The firm’s 50 day moving average is $80.84 and its 200-day moving average is $72.83. Entergy Corporation has a 1 year low of $49.92 and a 1 year high of $88.72. The firm has a market capitalization of $37.86 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 2.34 and a beta of 0.72. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

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

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.73%. Entergy’s dividend payout ratio is currently 98.77%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ETR. Barclays lifted their price target on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Evercore ISI lifted their price target on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $58.00 to $75.00 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, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

About Entergy

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.