United Capital Financial Advisers LLC boosted its position in shares of Entergy Co. (NYSE:ETR) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,148 shares of the utilities provider’s stock after buying an additional 244 shares during the period. United Capital Financial Advisers LLC’s holdings in Entergy were worth $314,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Inspire Advisors LLC bought a new position in shares of Entergy in the fourth quarter worth about $32,000. Fortis Group Advisors LLC bought a new position in Entergy in the 3rd quarter valued at approximately $33,000. Pin Oak Investment Advisors Inc. bought a new position in Entergy in the 3rd quarter valued at approximately $33,000. Tompkins Financial Corp bought a new position in Entergy in the 4th quarter valued at approximately $35,000. Finally, Hoover Financial Advisors Inc. bought a new position in Entergy in the 4th quarter valued at approximately $36,000. 84.58% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:ETR opened at $101.72 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.82. The stock’s fifty day simple moving average is $94.53 and its two-hundred day simple moving average is $99.75. Entergy Co. has a 1-year low of $85.78 and a 1-year high of $113.36. The stock has a market cap of $20.45 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 2.93 and a beta of 0.50.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 1st. Stockholders of record on Friday, February 12th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Thursday, February 11th. Entergy’s payout ratio is 70.37%.
A number of brokerages recently issued reports on ETR. Evercore ISI upgraded shares of Entergy from an “in-line” rating to an “outperform” rating in a report on Thursday, January 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Entergy in a research report on Monday, March 15th. Morgan Stanley raised their price objective on shares of Entergy from $106.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 25th. Finally, Mizuho raised their price objective on shares of Entergy from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, March 30th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Entergy currently has an average rating of “Buy” and a consensus price target of $113.58.
In related news, insider Haley Fisackerly sold 2,100 shares of the business’s stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $89.45, for a total value of $187,845.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew S. Marsh sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 21st. The shares were sold at an average price of $94.32, for a total value of $377,280.00. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. The company generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. It operates in two segments, Utility and Entergy Wholesale Commodities.
Recommended Story: The limitations of an equal weight rating
Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Co. (NYSE:ETR).
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.