Allworth Financial LP Boosts Holdings in Entergy Corporation (NYSE:ETR)

Allworth Financial LP boosted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 183.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,954 shares of the utilities provider's stock after acquiring an additional 5,145 shares during the period. Allworth Financial LP's holdings in Entergy were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Entergy during the 3rd quarter worth about $27,000. Fortitude Family Office LLC lifted its position in Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock worth $29,000 after purchasing an additional 178 shares during the period. IFS Advisors LLC acquired a new stake in Entergy in the fourth quarter valued at about $30,000. Ulland Investment Advisors LLC grew its holdings in shares of Entergy by 100.0% during the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Coastline Trust Co bought a new position in shares of Entergy in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm'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 transaction, 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.39% of the company's stock.

Entergy Stock Performance

Shares of NYSE:ETR traded down $0.92 during trading on Friday, hitting $84.94. The stock had a trading volume of 4,755,056 shares, compared to its average volume of 3,839,319. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 12-month low of $49.80 and a 12-month high of $88.38. The stock has a 50-day simple moving average of $79.24 and a two-hundred day simple moving average of $71.30. The stock has a market capitalization of $36.56 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 2.66 and a beta of 0.72.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations 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 business posted $0.26 EPS. On average, equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.83%. Entergy's payout ratio is 98.56%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ETR. Guggenheim raised their price target on shares of Entergy from $72.50 to $82.50 and gave the stock a "buy" rating in a report on Friday, November 1st. Scotiabank lowered their target price 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. 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 report on Wednesday. Barclays upped their price target on Entergy from $68.50 to $76.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, UBS Group raised their target price on Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Six research 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. According to data from MarketBeat.com, the stock 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.