Hudock Inc. Grows Position in Entergy Corporation (NYSE:ETR)

Hudock Inc. grew its stake in shares of Entergy Corporation (NYSE:ETR) by 100.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,945 shares of the utilities provider’s stock after purchasing an additional 3,977 shares during the quarter. Hudock Inc.’s holdings in Entergy were worth $602,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy during the third quarter valued at approximately $27,000. Fortitude Family Office LLC lifted its stake in Entergy by 423.8% in the third 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. Cetera Trust Company N.A purchased a new stake in Entergy in the third quarter worth $29,000. Coastline Trust Co purchased a new stake in Entergy in the third quarter worth $31,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Entergy in the third quarter worth $42,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s 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 $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Entergy Price Performance

Shares of NYSE:ETR opened at $82.90 on Thursday. Entergy Corporation has a 1-year low of $48.08 and a 1-year high of $84.26. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The business has a fifty day moving average price of $77.91 and a 200-day moving average price of $70.20. The company has a market capitalization of $35.55 billion, a PE ratio of 20.19, a PEG ratio of 2.53 and a beta of 0.72.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. Entergy’s payout ratio is presently 58.47%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ETR shares. Mizuho raised their price target on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target for the company in a research note on Thursday, January 30th. Finally, Guggenheim raised their price target on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $79.81.

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.