Entergy Corporation (NYSE:ETR) Shares Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. boosted its stake in Entergy Corporation (NYSE:ETR) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the utilities provider’s stock after buying an additional 500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Entergy were worth $76,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC increased its position in Entergy by 2.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after buying an additional 69 shares during the period. Acropolis Investment Management LLC increased its position in Entergy by 0.8% in the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after buying an additional 69 shares during the period. Great Valley Advisor Group Inc. increased its position in Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after buying an additional 74 shares during the period. Prossimo Advisors LLC increased its position in Entergy by 1.5% in the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after buying an additional 90 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in Entergy by 1.3% in the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock worth $952,000 after buying an additional 91 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction dated 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 sale, the insider now directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ETR. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. BMO Capital Markets increased their price target on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday. Evercore ISI increased their price target on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $69.00 to $77.00 in a research note on Monday, November 4th. Finally, Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.14.

Entergy Trading Down 1.7 %

Shares of ETR stock opened at $85.82 on Friday. The stock has a 50-day simple moving average of $79.01 and a 200 day simple moving average of $71.19. Entergy Corporation has a fifty-two week low of $49.80 and a fifty-two week high of $88.38. The stock has a market capitalization of $36.80 billion, a P/E ratio of 35.24, a P/E/G ratio of 2.67 and a beta of 0.72. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.75% and a net margin of 8.90%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the business posted $0.26 earnings per share. On average, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend 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.