Cromwell Holdings LLC Boosts Holdings in Entergy Corporation (NYSE:ETR)

Cromwell Holdings LLC boosted its position in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,320 shares of the utilities provider’s stock after buying an additional 660 shares during the quarter. Cromwell Holdings LLC’s holdings in Entergy were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of ETR. Blue Trust Inc. boosted its stake in Entergy by 700.0% during the third quarter. Blue Trust Inc. now owns 1,696 shares of the utilities provider’s stock worth $223,000 after buying an additional 1,484 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Entergy by 1.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 104,192 shares of the utilities provider’s stock valued at $13,713,000 after purchasing an additional 1,382 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of Entergy by 11.9% during the third quarter. Foundations Investment Advisors LLC now owns 5,583 shares of the utilities provider’s stock valued at $735,000 after purchasing an additional 595 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Entergy by 4.8% during the third quarter. Sequoia Financial Advisors LLC now owns 2,300 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 105 shares during the period. Finally, Eastern Bank purchased a new stake in shares of Entergy during the third quarter valued at $110,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Entergy Stock Performance

Shares of Entergy stock opened at $85.82 on Friday. The company has a market capitalization of $36.94 billion, a PE ratio of 35.24, a P/E/G ratio of 2.66 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a 50-day simple moving average of $79.01 and a two-hundred day simple moving average of $71.19. Entergy Corporation has a one year low of $49.80 and a one year high of $88.38.

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

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.80%. Entergy’s dividend payout ratio is presently 98.56%.

Analysts Set New Price Targets

ETR has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Wells Fargo & Company boosted their target price on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday. Guggenheim boosted their target price on shares of Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group boosted their target price on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $58.00 to $75.00 in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $82.14.

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.