Hussman Strategic Advisors Inc. Has $76,000 Holdings in Entergy Corporation (NYSE:ETR)

Hussman Strategic Advisors Inc. boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,000 shares of the utilities provider’s stock after acquiring an additional 500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Entergy were worth $76,000 at the end of the most recent quarter.

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

Entergy Stock Performance

Shares of NYSE ETR opened at $85.82 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The business’s 50 day moving average is $79.01 and its two-hundred day moving average is $71.19. The company has a market cap of $36.80 billion, a P/E ratio of 35.24, a P/E/G ratio of 2.67 and a beta of 0.72. Entergy Corporation has a 12 month low of $49.80 and a 12 month high of $88.38.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The company 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 10.75% and a net margin of 8.90%. During the same period in the previous year, the business posted $0.26 EPS. On average, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

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 given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio is presently 98.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ETR shares. Wells Fargo & Company lifted their price target on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday. Guggenheim lifted their price target on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho lifted their price target on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a report on Monday, November 4th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, UBS Group boosted 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. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.14.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction 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 sale, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is currently 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.