Alliance Wealth Advisors LLC UT Buys 2,564 Shares of Entergy Corporation (NYSE:ETR)

Alliance Wealth Advisors LLC UT grew its position in Entergy Corporation (NYSE:ETR) by 100.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,114 shares of the utilities provider’s stock after acquiring an additional 2,564 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Entergy were worth $388,000 at the end of the most recent reporting period.

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

Insider Activity

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the completion of the sale, the insider now directly owns 4,032 shares in the company, valued at $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ETR shares. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $58.00 to $75.00 in a research note on Monday, November 4th. Mizuho lifted their price objective on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a report on Monday, November 4th. Barclays boosted their price objective on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Finally, BMO Capital Markets dropped their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research note on Monday, November 18th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $79.81.

Entergy Trading Down 0.5 %

ETR opened at $81.66 on Wednesday. Entergy Corporation has a 12 month low of $48.08 and a 12 month high of $84.26. The stock has a fifty day moving average price of $77.34 and a 200-day moving average price of $69.08. The firm has a market cap of $35.02 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.50 and a beta of 0.72. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is 58.47%.

Entergy Company 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.