2,381 Shares in Entergy Co. (NYSE:ETR) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in Entergy Co. (NYSE:ETR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,381 shares of the utilities provider’s stock, valued at approximately $238,000.

Other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC lifted its holdings in shares of Entergy by 34.4% during the 3rd quarter. Global Retirement Partners LLC now owns 1,351 shares of the utilities provider’s stock valued at $123,000 after buying an additional 346 shares during the last quarter. DAVENPORT & Co LLC increased its position in Entergy by 37.6% during the third quarter. DAVENPORT & Co LLC now owns 24,647 shares of the utilities provider’s stock worth $2,280,000 after acquiring an additional 6,734 shares during the period. CreativeOne Wealth LLC raised its stake in Entergy by 8.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 4,333 shares of the utilities provider’s stock valued at $401,000 after purchasing an additional 326 shares during the last quarter. Caprock Group LLC increased its holdings in shares of Entergy by 4.9% during the 3rd quarter. Caprock Group LLC now owns 4,024 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 189 shares during the period. Finally, Keudell Morrison Wealth Management acquired a new position in Entergy in the 3rd quarter valued at approximately $229,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ETR has been the subject of several research reports. BMO Capital Markets raised their target price on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Royal Bank of Canada restated an “outperform” rating and set a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. KeyCorp upped their price objective on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Scotiabank lowered their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Barclays lowered their target price on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.45.

Entergy Price Performance

ETR opened at $107.53 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $108.97. The company has a fifty day simple moving average of $103.28 and a 200 day simple moving average of $100.57. The stock has a market cap of $22.93 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.10 and a beta of 0.71.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The company had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. Entergy’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. On average, research analysts expect that Entergy Co. will post 7.22 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio is currently 45.34%.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now owns 3,442 shares in the company, valued at approximately $348,433.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the sale, the executive vice president now owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the sale, the insider now directly owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $1,226,685 in the last ninety days. Insiders own 0.39% of the company’s stock.

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.