Entergy Corporation (NYSE:ETR) Shares Bought by Csenge Advisory Group

Csenge Advisory Group grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 82.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,763 shares of the utilities provider’s stock after purchasing an additional 7,115 shares during the period. Csenge Advisory Group’s holdings in Entergy were worth $1,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ETR. Thrivent Financial for Lutherans grew its holdings in shares of Entergy by 21.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock worth $129,840,000 after acquiring an additional 174,093 shares during the period. Empowered Funds LLC grew its holdings in shares of Entergy by 40.7% in the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock worth $2,448,000 after acquiring an additional 5,381 shares during the period. Principal Financial Group Inc. grew its holdings in shares of 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 during the period. Ausbil Investment Management Ltd grew its holdings in shares of Entergy by 11.4% in the 3rd quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider’s stock worth $12,795,000 after acquiring an additional 9,986 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Entergy by 74.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock worth $603,000 after acquiring an additional 3,393 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

In related 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 transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ETR. BMO Capital Markets lowered their price target on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a report on Monday, November 18th. 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 note 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 note on Monday, November 4th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Mizuho upped their target price on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $79.81.

Entergy Trading Down 0.7 %

Shares of ETR opened at $82.64 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $35.44 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. The stock’s fifty day simple moving average is $78.32 and its 200 day simple moving average is $70.65. Entergy Corporation has a twelve month low of $48.93 and a twelve month high of $84.46.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is currently 58.47%.

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.