Entergy Corporation (NYSE:ETR) Holdings Lifted by Net Worth Advisory Group

Net Worth Advisory Group increased its position in shares of Entergy Corporation (NYSE:ETR) by 58.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,724 shares of the utilities provider’s stock after acquiring an additional 1,000 shares during the period. Net Worth Advisory Group’s holdings in Entergy were worth $207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of Entergy by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock worth $36,885,000 after purchasing an additional 10,697 shares in the last quarter. Assetmark Inc. grew its position in Entergy by 20.1% in the third quarter. Assetmark Inc. now owns 38,895 shares of the utilities provider’s stock worth $5,119,000 after buying an additional 6,505 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Entergy by 18.3% in the third quarter. Atria Investments Inc now owns 44,802 shares of the utilities provider’s stock valued at $5,896,000 after buying an additional 6,929 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Entergy by 4.7% during the 3rd quarter. Sigma Planning Corp now owns 3,182 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 143 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Entergy during the 3rd quarter worth $42,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ETR. Scotiabank cut their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. UBS Group boosted their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Wells Fargo & Company raised their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Evercore ISI boosted 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, 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 given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus price target of $84.11.

Entergy Trading Up 2.3 %

NYSE ETR opened at $82.31 on Wednesday. The company has a market capitalization of $35.43 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. 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 firm’s fifty day simple moving average is $81.62 and its 200-day simple moving average is $73.81.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion during 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 period last year, the business earned $0.26 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.92%. Entergy’s dividend payout ratio is currently 98.77%.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was 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 of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.39% of the stock is owned by company insiders.

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.