Cromwell Holdings LLC Boosts Holdings in Entergy Corporation (NYSE:ETR)

Cromwell Holdings LLC increased its holdings in Entergy Corporation (NYSE:ETR) by 100.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,320 shares of the utilities provider’s stock after buying an additional 660 shares during the quarter. Cromwell Holdings LLC’s holdings in Entergy were worth $100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortis Group Advisors LLC boosted its holdings in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Entergy in the third quarter worth approximately $27,000. Fortitude Family Office LLC raised its stake in Entergy by 423.8% during the 3rd 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 bought a new stake in Entergy during the 4th quarter worth approximately $30,000. Finally, Ulland Investment Advisors LLC raised its stake in Entergy by 100.0% during the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 1.7 %

Entergy stock opened at $85.82 on Friday. The stock has a market cap of $36.94 billion, a P/E ratio of 35.24, a PEG ratio of 2.66 and a beta of 0.72. 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 Corporation has a 1 year low of $49.80 and a 1 year high of $88.38. The firm’s 50 day moving average price is $79.01 and its 200-day moving average price is $71.19.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the firm posted $0.26 earnings per share. On average, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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 issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 98.56%.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of recent analyst reports. Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $69.00 to $77.00 in a research note on Monday, November 4th. BMO Capital Markets raised their target price on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group raised their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Guggenheim raised their target price on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Six investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.14.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value 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 approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by insiders.

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.