Lindbrook Capital LLC Acquires 728 Shares of Entergy Corporation (NYSE:ETR)

Lindbrook Capital LLC boosted its position in shares of Entergy Corporation (NYSE:ETR) by 111.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,382 shares of the utilities provider’s stock after purchasing an additional 728 shares during the period. Lindbrook Capital LLC’s holdings in Entergy were worth $105,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Entergy during the fourth quarter valued at approximately $101,133,000. Vision Financial Markets LLC purchased a new position in Entergy during the fourth quarter valued at approximately $167,000. Cullen Frost Bankers Inc. grew its stake in Entergy by 100.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 326,970 shares of the utilities provider’s stock valued at $24,791,000 after acquiring an additional 163,871 shares in the last quarter. Arizona State Retirement System grew its stake in Entergy by 103.0% during the fourth quarter. Arizona State Retirement System now owns 124,215 shares of the utilities provider’s stock valued at $9,418,000 after acquiring an additional 63,037 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in Entergy by 29.9% during the fourth quarter. Verdence Capital Advisors LLC now owns 11,731 shares of the utilities provider’s stock valued at $889,000 after acquiring an additional 2,703 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of Entergy stock opened at $81.23 on Friday. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The stock has a market capitalization of $34.96 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company has a fifty day moving average of $81.40 and a 200-day moving average of $73.31. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the company earned $0.26 EPS. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued 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 2.95%. Entergy’s dividend payout ratio is currently 98.77%.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction on Friday, December 13th. The shares were 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 in the company, valued at $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.39% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ETR has been the subject of several recent analyst reports. LADENBURG THALM/SH SH raised shares of 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. UBS Group boosted their price target on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Scotiabank cut their price target 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. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Finally, BMO Capital Markets boosted their price target on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $82.14.

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.