Stephens Inc. AR Raises Holdings in Entergy Corporation (NYSE:ETR)

Stephens Inc. AR lifted its holdings in Entergy Corporation (NYSE:ETR) by 78.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,559 shares of the utilities provider’s stock after purchasing an additional 6,848 shares during the quarter. Stephens Inc. AR’s holdings in Entergy were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new stake in Entergy in the 3rd quarter worth about $27,000. Cetera Trust Company N.A purchased a new stake in shares of Entergy during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC grew its stake in shares of Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 178 shares during the period. IFS Advisors LLC purchased a new position in shares of Entergy during the fourth quarter valued at approximately $30,000. Finally, Ulland Investment Advisors LLC lifted its position in Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 200 shares during the period. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of research reports. Barclays boosted their target price on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Guggenheim upped their price objective on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. UBS Group upped their price target on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

Insider Buying and Selling

In other news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.39% of the stock is owned by insiders.

Entergy Trading Up 1.1 %

Shares of Entergy stock opened at $82.90 on Thursday. Entergy Corporation has a fifty-two week low of $48.08 and a fifty-two week high of $84.26. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The company has a market capitalization of $35.55 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.53 and a beta of 0.72. The company has a fifty day moving average of $77.91 and a 200 day moving average of $70.20.

Entergy Dividend Announcement

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

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.