International Private Wealth Advisors LLC Boosts Stock Position in Entergy Corporation (NYSE:ETR)

International Private Wealth Advisors LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 94.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,073 shares of the utilities provider’s stock after buying an additional 2,948 shares during the period. International Private Wealth Advisors LLC’s holdings in Entergy were worth $460,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ETR. Thrivent Financial for Lutherans lifted its position in shares of Entergy by 21.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock worth $129,840,000 after purchasing an additional 174,093 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Entergy by 40.7% in the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock valued at $2,448,000 after acquiring an additional 5,381 shares during the period. Principal Financial Group Inc. boosted its stake in Entergy by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock worth $36,885,000 after purchasing an additional 10,697 shares during the period. Ausbil Investment Management Ltd grew its position in Entergy by 11.4% during the 3rd quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider’s stock worth $12,795,000 after purchasing an additional 9,986 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new position in Entergy in the third quarter valued at $32,541,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is currently owned by insiders.

Entergy Stock Down 0.7 %

Shares of NYSE:ETR opened at $81.81 on Tuesday. Entergy Corporation has a 12-month low of $48.08 and a 12-month high of $84.26. The stock’s 50-day moving average price is $77.68 and its two-hundred day moving average price is $69.84. The firm has a market cap of $35.08 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.53 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 disclosed 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 is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.93%. Entergy’s payout ratio is 58.39%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ETR. Royal Bank of Canada increased their price objective on Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Guggenheim upped their target price on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho lifted 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. UBS Group upped their target price on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.81.

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.