Entergy Corporation (NYSE:ETR) Shares Acquired by Y.D. More Investments Ltd

Y.D. More Investments Ltd lifted its position in Entergy Corporation (NYSE:ETR) by 90.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,976 shares of the utilities provider’s stock after purchasing an additional 941 shares during the period. Y.D. More Investments Ltd’s holdings in Entergy were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after acquiring an additional 1,981,611 shares in the last quarter. Jennison Associates LLC raised its holdings in Entergy by 139.5% in the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock worth $183,754,000 after purchasing an additional 1,411,473 shares during the period. JPMorgan Chase & Co. boosted its position in Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after purchasing an additional 1,354,355 shares in the last quarter. Confluence Investment Management LLC grew its holdings in Entergy by 96.0% in the fourth quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock valued at $121,863,000 after purchasing an additional 787,367 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Entergy by 1,490.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 687,874 shares of the utilities provider’s stock valued at $52,155,000 after buying an additional 644,622 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Up 1.1 %

NYSE ETR opened at $82.53 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. Entergy Corporation has a 52 week low of $48.08 and a 52 week high of $84.26. The business’s fifty day simple moving average is $77.42 and its 200-day simple moving average is $69.27. The firm has a market cap of $35.39 billion, a PE ratio of 20.10, a P/E/G ratio of 2.50 and a beta of 0.72.

Entergy Dividend Announcement

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 issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.91%. Entergy’s payout ratio is 58.47%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada increased their price objective on shares of Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a report on Monday, October 14th. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. 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 research note on Thursday, January 30th. Finally, Mizuho boosted their price objective on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Five equities research 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 company’s stock. According to MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Insider Buying and Selling at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the 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 directly owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 8,268 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total value of $616,090.02. Following the sale, the insider now directly owns 4,032 shares of the company’s stock, valued at $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company 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.