E&G Advisors LP Boosts Stake in Entergy Corporation (NYSE:ETR)

E&G Advisors LP lifted its stake in Entergy Corporation (NYSE:ETR) by 87.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,300 shares of the utilities provider’s stock after purchasing an additional 2,000 shares during the period. E&G Advisors LP’s holdings in Entergy were worth $326,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Thrivent Financial for Lutherans lifted its holdings in shares of Entergy by 21.4% during the 3rd 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 during the last quarter. Empowered Funds LLC boosted its holdings in Entergy by 40.7% during the third quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock worth $2,448,000 after buying an additional 5,381 shares in the last quarter. Principal Financial Group Inc. increased its holdings in 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 acquiring an additional 10,697 shares in the last quarter. Ausbil Investment Management Ltd raised its holdings in shares of Entergy by 11.4% during the third quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider’s stock valued at $12,795,000 after acquiring an additional 9,986 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of Entergy in the third quarter worth about $32,541,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Up 1.2 %

NYSE ETR opened at $82.04 on Tuesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The stock has a market capitalization of $35.18 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.50 and a beta of 0.72. The business’s fifty day moving average is $77.23 and its 200-day moving average is $68.90. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.93%. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Wall Street Analyst Weigh In

ETR has been the topic of several recent analyst reports. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Scotiabank reduced their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $58.00 to $75.00 in a report on Monday, November 4th. Barclays upped their price target on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, UBS Group increased their price objective on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $79.81.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 8,268 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total value of $616,090.02. Following the completion of the sale, the insider now owns 4,032 shares of the company’s stock, valued at $300,444.48. This trade represents a 67.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eliecer Viamontes sold 400 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total value of $29,400.00. Following the completion of the sale, the insider now owns 8,346 shares in the company, valued at $613,431. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,756 shares of company stock valued at $1,095,637. Corporate insiders own 0.54% of the company’s stock.

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.