Entergy Corporation (NYSE:ETR) is Reaves W H & Co. Inc.’s 4th Largest Position

Reaves W H & Co. Inc. boosted its stake in Entergy Corporation (NYSE:ETR) by 74.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,012,308 shares of the utilities provider’s stock after acquiring an additional 859,617 shares during the quarter. Entergy comprises about 4.0% of Reaves W H & Co. Inc.’s holdings, making the stock its 4th largest holding. Reaves W H & Co. Inc.’s holdings in Entergy were worth $152,573,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ETR. OneDigital Investment Advisors LLC raised its position 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 valued at $451,000 after purchasing an additional 69 shares in the last quarter. Acropolis Investment Management LLC raised its position in shares of Entergy by 0.8% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock valued at $1,163,000 after purchasing an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Entergy by 0.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock valued at $1,065,000 after purchasing an additional 74 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Entergy by 1.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock valued at $952,000 after purchasing an additional 91 shares in the last quarter. Finally, Financial Advocates Investment Management raised its position in shares of Entergy by 4.5% in the 3rd quarter. Financial Advocates Investment Management now owns 2,206 shares of the utilities provider’s stock valued at $290,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a research report on Thursday, January 30th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and upped their target price for the company from $69.00 to $77.00 in a research report on Monday, November 4th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Finally, Scotiabank dropped their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Six research 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 stock. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and an average target price of $82.14.

Entergy Price Performance

Shares of NYSE ETR opened at $87.96 on Tuesday. Entergy Corporation has a 1-year low of $49.92 and a 1-year high of $88.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The business’s fifty day moving average price is $80.84 and its two-hundred day moving average price is $72.83. The firm has a market capitalization of $37.86 billion, a PE ratio of 36.12, a P/E/G ratio of 2.34 and a beta of 0.72.

Entergy (NYSE:ETR) last released its quarterly 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. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the business posted $0.26 earnings per share. On average, research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.73%. Entergy’s payout ratio is 98.77%.

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.