International Private Wealth Advisors LLC Raises Stock Position in Entergy Corporation (NYSE:ETR)

International Private Wealth Advisors LLC raised its holdings in Entergy Corporation (NYSE:ETR) by 94.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,073 shares of the utilities provider’s stock after purchasing an additional 2,948 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Entergy were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETR. Equitable Trust Co. boosted its stake in shares of Entergy by 99.4% in the fourth quarter. Equitable Trust Co. now owns 78,334 shares of the utilities provider’s stock worth $5,939,000 after buying an additional 39,055 shares during the last quarter. Soltis Investment Advisors LLC lifted its holdings in Entergy by 51.1% in the fourth quarter. Soltis Investment Advisors LLC now owns 95,995 shares of the utilities provider’s stock valued at $7,278,000 after acquiring an additional 32,481 shares during the period. Ferguson Wellman Capital Management Inc. boosted its position in Entergy by 97.9% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,182,168 shares of the utilities provider’s stock worth $89,632,000 after purchasing an additional 584,780 shares in the last quarter. Savant Capital LLC grew its stake in shares of Entergy by 97.7% during the 4th quarter. Savant Capital LLC now owns 37,071 shares of the utilities provider’s stock worth $2,811,000 after purchasing an additional 18,321 shares during the period. Finally, Stiles Financial Services Inc increased its holdings in shares of Entergy by 100.9% during the 4th quarter. Stiles Financial Services Inc now owns 7,143 shares of the utilities provider’s stock valued at $542,000 after purchasing an additional 3,587 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

NYSE:ETR opened at $81.81 on Tuesday. Entergy Corporation has a twelve month low of $48.08 and a twelve month high of $84.26. The company has a market cap of $35.08 billion, a P/E ratio of 19.93, a P/E/G ratio of 2.53 and a beta of 0.72. 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 company’s 50-day moving average price is $77.68 and its 200-day moving average price is $69.84.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.93%. Entergy’s dividend payout ratio (DPR) is presently 58.39%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ETR shares. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a report on Thursday, January 30th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. UBS Group upped their price target on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Mizuho raised their price objective on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Five research 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Insiders Place Their Bets

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s 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 owns 3,952 shares of the company’s stock, valued at $292,210.88. This 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. Corporate insiders own 0.39% of the company’s stock.

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.