Entergy Corporation (NYSE:ETR) Shares Bought by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 89.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228,126 shares of the utilities provider’s stock after acquiring an additional 107,856 shares during the quarter. Anchor Capital Advisors LLC owned about 0.05% of Entergy worth $17,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETR. CORDA Investment Management LLC. acquired a new position in shares of Entergy during the 4th quarter valued at $1,128,000. QRG Capital Management Inc. grew its holdings in Entergy by 125.9% during the fourth quarter. QRG Capital Management Inc. now owns 289,187 shares of the utilities provider’s stock worth $21,926,000 after acquiring an additional 161,153 shares during the period. First Command Advisory Services Inc. grew its holdings in Entergy by 100.0% during the fourth quarter. First Command Advisory Services Inc. now owns 1,616 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 808 shares during the period. Proficio Capital Partners LLC bought a new stake in Entergy in the fourth quarter worth about $9,135,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in Entergy by 7.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,523 shares of the utilities provider’s stock valued at $646,000 after acquiring an additional 566 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ETR shares. UBS Group boosted their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. BMO Capital Markets upped their price target on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Mizuho lifted their target price on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Bank of America downgraded 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 report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.14.

Entergy Price Performance

Shares of ETR opened at $85.26 on Friday. The business’s 50-day moving average is $80.35 and its 200-day moving average is $72.24. 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 company has a market capitalization of $36.70 billion, a price-to-earnings ratio of 35.02, a P/E/G ratio of 2.34 and a beta of 0.72. Entergy Corporation has a fifty-two week low of $49.80 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the prior year, the business earned $0.26 EPS. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.81%. Entergy’s payout ratio is 98.77%.

Insider Buying and Selling at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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.