Entergy Corporation (NYSE:ETR) Shares Acquired by Quent Capital LLC

Quent Capital LLC boosted its position in Entergy Corporation (NYSE:ETR) by 125.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 900 shares of the utilities provider’s stock after purchasing an additional 500 shares during the period. Quent Capital LLC’s holdings in Entergy were worth $68,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. OneDigital Investment Advisors LLC grew its stake in shares of Entergy by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after purchasing an additional 69 shares during the last quarter. Acropolis Investment Management LLC boosted its holdings in Entergy by 0.8% during the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after buying an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after buying an additional 74 shares during the last quarter. Prossimo Advisors LLC increased its holdings in shares of Entergy by 1.5% in the third 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 in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position 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 acquiring an additional 91 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays lifted their target price on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. UBS Group lifted their price target on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Guggenheim upped their price objective on shares of Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their target price on shares of Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Scotiabank reduced their price target on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Five investment 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.81.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.39% of the stock is currently owned by company insiders.

Entergy Stock Up 0.6 %

Shares of Entergy stock opened at $83.30 on Friday. The stock has a 50-day simple moving average of $78.05 and a 200-day simple moving average of $70.29. Entergy Corporation has a 52-week low of $48.81 and a 52-week high of $84.26. The firm has a market cap of $35.72 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 2.53 and a beta of 0.72. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.88%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio is 58.47%.

Entergy 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.