S&CO Inc. Acquires 4,483 Shares of Entergy Corporation (NYSE:ETR)

S&CO Inc. lifted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,966 shares of the utilities provider's stock after purchasing an additional 4,483 shares during the quarter. S&CO Inc.'s holdings in Entergy were worth $679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETR. Fortis Group Advisors LLC boosted its position in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares in the last quarter. NBT Bank N A NY lifted its position in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in Entergy in the 3rd quarter valued at $27,000. Duncker Streett & Co. Inc. lifted its position in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. Finally, Riverview Trust Co lifted its position in Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 182 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Remove Ads

Entergy Stock Performance

Shares of Entergy stock traded up $1.85 during trading on Tuesday, hitting $82.31. 5,745,234 shares of the stock were exchanged, compared to its average volume of 3,253,493. The stock has a market capitalization of $35.43 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company has a fifty day moving average price of $81.62 and a 200-day moving average price of $73.81. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates 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 earned $0.26 EPS. As a group, equities analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently announced 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. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's payout ratio is 98.77%.

Wall Street Analysts Forecast Growth

ETR has been the topic of several research reports. StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. UBS Group boosted 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. Wells Fargo & Company boosted their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, BMO Capital Markets lifted their price target on shares of Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.11.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction dated 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 owns 3,952 shares of the company's stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.39% of the stock is currently owned by insiders.

About Entergy

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.