600 Shares in Entergy Corporation (NYSE:ETR) Acquired by Hopwood Financial Services Inc.

Hopwood Financial Services Inc. acquired a new position in Entergy Corporation (NYSE:ETR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 600 shares of the utilities provider’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ETR. Legacy Investment Solutions LLC bought a new position in Entergy during the 3rd quarter valued at $27,000. Coastline Trust Co bought a new position in Entergy during the 3rd quarter valued at $31,000. Ashton Thomas Securities LLC bought a new position in Entergy during the 3rd quarter valued at $42,000. NBT Bank N A NY boosted its stake in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Finally, Fortis Group Advisors LLC boosted its stake in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ETR. UBS Group increased their price target on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Scotiabank reduced their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company raised their price objective on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. Six 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.11.

Insider Activity at Entergy

In related news, 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 sale, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Entergy Stock Performance

Shares of Entergy stock opened at $82.70 on Thursday. The stock has a market cap of $35.59 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The business has a fifty day simple moving average of $81.76 and a 200-day simple moving average of $73.87. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter last year, the firm posted $0.26 earnings per share. On average, sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%. Entergy’s payout ratio is 98.77%.

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.