Alliance Wealth Advisors LLC Has $390,000 Stake in Entergy Corporation (NYSE:ETR)

Alliance Wealth Advisors LLC increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 98.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,140 shares of the utilities provider’s stock after buying an additional 2,549 shares during the period. Alliance Wealth Advisors LLC’s holdings in Entergy were worth $390,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Clarius Group LLC acquired a new position in shares of Entergy during the 3rd quarter worth about $213,000. LVW Advisors LLC boosted its stake in Entergy by 23.7% during the 3rd quarter. LVW Advisors LLC now owns 3,244 shares of the utilities provider’s stock worth $427,000 after acquiring an additional 622 shares during the last quarter. Gateway Investment Advisers LLC acquired a new position in Entergy during the third quarter valued at approximately $208,000. Exchange Traded Concepts LLC bought a new stake in Entergy in the third quarter valued at approximately $1,101,000. Finally, Sound Income Strategies LLC raised its holdings in Entergy by 4.3% in the third quarter. Sound Income Strategies LLC now owns 98,377 shares of the utilities provider’s stock worth $12,947,000 after purchasing an additional 4,027 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ETR. KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Royal Bank of Canada boosted their target price on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. BMO Capital Markets dropped their price target on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Barclays boosted their price objective on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Guggenheim raised their target price on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a report on Friday, November 1st. Five 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Trading Down 0.5 %

Shares of NYSE:ETR opened at $82.37 on Friday. The company’s 50-day moving average price is $77.68 and its two-hundred day moving average price is $69.64. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26. 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 $35.32 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. Entergy’s dividend payout ratio is 58.47%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the company’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 sale, the insider now owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Haley Fisackerly sold 8,268 shares of Entergy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total transaction of $616,090.02. Following the transaction, the insider now directly owns 4,032 shares of the company’s stock, valued at approximately $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

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.