Stephens Inc. AR Purchases 6,848 Shares of Entergy Corporation (NYSE:ETR)

Stephens Inc. AR increased its holdings in Entergy Corporation (NYSE:ETR) by 78.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,559 shares of the utilities provider’s stock after purchasing an additional 6,848 shares during the period. Stephens Inc. AR’s holdings in Entergy were worth $1,180,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ETR. Alliance Wealth Advisors LLC grew its stake in shares of Entergy by 98.4% in the 4th quarter. Alliance Wealth Advisors LLC now owns 5,140 shares of the utilities provider’s stock worth $390,000 after buying an additional 2,549 shares in the last quarter. AlphaStar Capital Management LLC grew its stake in shares of Entergy by 184.4% during the fourth quarter. AlphaStar Capital Management LLC now owns 7,242 shares of the utilities provider’s stock valued at $549,000 after buying an additional 4,696 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of Entergy by 302.4% during the 4th quarter. WCM Investment Management LLC now owns 76,228 shares of the utilities provider’s stock worth $5,774,000 after acquiring an additional 57,286 shares during the last quarter. Empirical Finance LLC boosted its holdings in Entergy by 98.0% during the 4th quarter. Empirical Finance LLC now owns 14,191 shares of the utilities provider’s stock valued at $1,076,000 after acquiring an additional 7,025 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its position in Entergy by 104.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,720 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 1,389 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction dated 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 directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Scotiabank reduced their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. UBS Group increased their price objective on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target for the company in a research report on Thursday, January 30th. Five 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 stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Entergy Stock Up 1.1 %

NYSE ETR opened at $82.90 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 $77.91 and its 200-day simple moving average is $70.20. The firm has a market cap of $35.55 billion, a PE ratio of 20.19, a P/E/G ratio of 2.53 and a beta of 0.72.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.90%. Entergy’s dividend payout ratio (DPR) 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.