Csenge Advisory Group Buys 7,115 Shares of Entergy Corporation (NYSE:ETR)

Csenge Advisory Group lifted its position in Entergy Corporation (NYSE:ETR - Free Report) by 82.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,763 shares of the utilities provider's stock after acquiring an additional 7,115 shares during the quarter. Csenge Advisory Group's holdings in Entergy were worth $1,195,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in Entergy by 1.1% in the 3rd quarter. State Street Corp now owns 11,408,776 shares of the utilities provider's stock valued at $1,501,509,000 after buying an additional 128,667 shares during the last quarter. FMR LLC boosted its holdings in Entergy by 5.0% in the 3rd quarter. FMR LLC now owns 6,613,647 shares of the utilities provider's stock valued at $870,422,000 after purchasing an additional 315,750 shares during the period. Franklin Resources Inc. boosted its holdings in Entergy by 53.0% in 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 period. Geode Capital Management LLC boosted its holdings in Entergy by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider's stock valued at $651,206,000 after purchasing an additional 37,279 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock valued at $472,444,000 after purchasing an additional 1,354,355 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the 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 $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 is available at this link. Insiders own 0.39% of the company's stock.

Entergy Trading Down 1.7 %

Shares of Entergy stock traded down $1.51 on Thursday, hitting $85.82. The stock had a trading volume of 4,006,557 shares, compared to its average volume of 3,811,568. The stock has a 50 day moving average of $79.01 and a 200 day moving average of $71.19. Entergy Corporation has a twelve month low of $49.80 and a twelve month high of $88.38. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The firm has a market capitalization of $36.80 billion, a P/E ratio of 35.24, a PEG ratio of 2.67 and a beta of 0.72.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating 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 10.75%. During the same quarter in the prior year, the firm posted $0.26 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders 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 2.80%. The ex-dividend date of this dividend is Monday, February 10th. Entergy's dividend payout ratio (DPR) is 98.77%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ETR shares. 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 report on Thursday, January 30th. 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 report on Tuesday, January 7th. KeyCorp downgraded shares of Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Wells Fargo & Company raised their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, UBS Group raised their price objective on shares of Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Six equities research 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.