Cape Investment Advisory Inc. Boosts Stake in Entergy Corporation (NYSE:ETR)

Cape Investment Advisory Inc. raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 99.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,116 shares of the utilities provider’s stock after buying an additional 2,052 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Entergy were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ETR. Hickory Point Bank & Trust purchased a new position in shares of Entergy during the fourth quarter worth about $244,000. Levin Capital Strategies L.P. purchased a new position in Entergy in the 4th quarter worth approximately $227,000. Duncker Streett & Co. Inc. grew its stake in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares in the last quarter. Tower View Wealth Management LLC grew its stake in Entergy by 99.5% in the 4th quarter. Tower View Wealth Management LLC now owns 413 shares of the utilities provider’s stock worth $31,000 after buying an additional 206 shares in the last quarter. Finally, Metis Global Partners LLC grew its stake in Entergy by 110.0% in the 4th quarter. Metis Global Partners LLC now owns 14,342 shares of the utilities provider’s stock worth $1,087,000 after buying an additional 7,514 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ETR has been the subject of several research reports. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $58.00 to $75.00 in a research report on Monday, November 4th. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $69.00 to $77.00 in a report on Monday, November 4th. BMO Capital Markets upped their target price on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Finally, Evercore ISI upped their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.14.

Entergy Price Performance

Shares of Entergy stock opened at $87.29 on Friday. The firm has a market cap of $37.57 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. Entergy Corporation has a 12-month low of $49.80 and a 12-month high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The company’s fifty day simple moving average is $80.59 and its two-hundred day simple moving average is $72.53.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (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 analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the firm earned $0.26 earnings per share. As a group, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm 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 $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.75%. Entergy’s dividend payout ratio is currently 98.77%.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy 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 sale, the insider now owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

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.