Leeward Investments LLC MA Has $16.81 Million Stock Position in Entergy Corporation (NYSE:ETR)

Leeward Investments LLC MA lifted its holdings in shares of Entergy Corporation (NYSE:ETR) by 91.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 221,688 shares of the utilities provider’s stock after purchasing an additional 106,181 shares during the quarter. Leeward Investments LLC MA owned approximately 0.05% of Entergy worth $16,808,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ETR. Franklin Resources Inc. increased its stake in shares of Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after purchasing an additional 1,981,611 shares during the last quarter. Jennison Associates LLC grew its stake in Entergy by 139.5% in the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock valued at $183,754,000 after buying an additional 1,411,473 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after buying an additional 1,354,355 shares during the last quarter. Truist Financial Corp grew its stake in Entergy by 105.0% in the 4th quarter. Truist Financial Corp now owns 2,072,950 shares of the utilities provider’s stock valued at $157,171,000 after buying an additional 1,061,527 shares during the last quarter. Finally, Confluence Investment Management LLC grew its stake in Entergy by 96.0% in the 4th quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock valued at $121,863,000 after buying an additional 787,367 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ETR shares. LADENBURG THALM/SH SH upgraded shares of 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. UBS Group raised their target price on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Mizuho raised their target price on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. Scotiabank lowered their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company increased their price target on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.14.

Entergy Price Performance

Shares of Entergy stock opened at $84.94 on Friday. The firm has a fifty day moving average price of $79.45 and a two-hundred day moving average price of $71.58. The company has a market cap of $36.56 billion, a PE ratio of 34.88, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

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

Entergy Announces Dividend

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 issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is 98.56%.

About Entergy

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.