BOK Financial Private Wealth Inc. Boosts Stock Position in Entergy Corporation (NYSE:ETR)

BOK Financial Private Wealth Inc. lifted its holdings in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 400 shares of the utilities provider’s stock after purchasing an additional 200 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Entergy were worth $30,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its holdings in shares of Entergy by 21.4% in the third quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock valued at $129,840,000 after purchasing an additional 174,093 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Entergy by 40.7% in the third quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock valued at $2,448,000 after purchasing an additional 5,381 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Entergy by 4.0% in the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock valued at $36,885,000 after purchasing an additional 10,697 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Entergy in the fourth quarter valued at $4,393,000. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Entergy by 74.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock valued at $603,000 after purchasing an additional 3,393 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ETR shares. KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Scotiabank dropped their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Six 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.14.

Entergy Trading Up 0.1 %

NYSE ETR opened at $81.23 on Monday. The company’s 50-day moving average price is $81.40 and its 200-day moving average price is $73.50. 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 has a market cap of $34.96 billion, a PE ratio of 33.36, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38.

Entergy (NYSE:ETR) last released its quarterly earnings data 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. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm earned $0.26 earnings per share. Equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

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.