Childress Capital Advisors LLC Has $465,000 Stock Position in Entergy Corporation (NYSE:ETR)

Childress Capital Advisors LLC grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 102.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,134 shares of the utilities provider’s stock after buying an additional 3,098 shares during the period. Childress Capital Advisors LLC’s holdings in Entergy were worth $465,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ETR. Legacy Investment Solutions LLC acquired a new stake in shares of Entergy in the 3rd quarter valued at about $27,000. Fortitude Family Office LLC grew its holdings in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after buying an additional 178 shares during the last quarter. Cetera Trust Company N.A bought a new position in Entergy in the 3rd quarter valued at about $29,000. Coastline Trust Co bought a new stake in Entergy during the 3rd quarter worth approximately $31,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Entergy during the third quarter valued at approximately $42,000. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ETR shares. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. Barclays increased their price target on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report 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 note on Friday, November 1st. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $58.00 to $75.00 in a research note on Monday, November 4th. Finally, BMO Capital Markets reduced their price target on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $79.81.

Entergy Stock Performance

Shares of ETR opened at $82.04 on Tuesday. 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 stock has a market capitalization of $35.18 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. Entergy Corporation has a 52-week low of $48.08 and a 52-week high of $84.26. The stock’s 50-day simple moving average is $77.23 and its 200 day simple moving average is $68.90.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.93%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio is presently 58.47%.

Insider Buying and Selling at Entergy

In other news, insider Eliecer Viamontes sold 400 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total value of $29,400.00. Following the completion of the sale, the insider now owns 8,346 shares of the company’s stock, valued at approximately $613,431. This represents a 4.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the transaction, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,756 shares of company stock valued at $1,095,637 in the last three months. Company insiders own 0.54% 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.