Sanctuary Advisors LLC Grows Holdings in Entergy Corporation (NYSE:ETR)

Sanctuary Advisors LLC raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 110.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,742 shares of the utilities provider's stock after acquiring an additional 53,380 shares during the quarter. Sanctuary Advisors LLC's holdings in Entergy were worth $8,259,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC grew its stake in shares of Entergy by 212.2% during the fourth quarter. Catalyst Capital Advisors LLC now owns 949 shares of the utilities provider's stock worth $72,000 after buying an additional 645 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Entergy by 96.0% during the 4th quarter. Principal Financial Group Inc. now owns 549,226 shares of the utilities provider's stock valued at $41,642,000 after acquiring an additional 268,964 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Entergy by 120.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 149,844 shares of the utilities provider's stock worth $11,361,000 after acquiring an additional 81,791 shares during the last quarter. Csenge Advisory Group increased its holdings in Entergy by 82.3% in the 4th quarter. Csenge Advisory Group now owns 15,763 shares of the utilities provider's stock worth $1,195,000 after purchasing an additional 7,115 shares in the last quarter. Finally, Lee Financial Co raised its position in Entergy by 102.4% in the fourth quarter. Lee Financial Co now owns 23,396 shares of the utilities provider's stock valued at $1,774,000 after purchasing an additional 11,838 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was 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 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ETR shares. StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. BMO Capital Markets boosted their target price on shares of Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday. UBS Group raised their price target 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. Evercore ISI boosted their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday. Finally, KeyCorp downgraded Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Entergy presently has an average rating of "Moderate Buy" and an average price target of $82.14.

Entergy Stock Down 1.1 %

Shares of NYSE ETR traded down $0.92 during trading on Friday, hitting $84.94. 4,755,056 shares of the company traded hands, compared to its average volume of 3,959,623. 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 business's fifty day moving average is $79.45 and its 200 day moving average is $71.49. The firm has a market capitalization of $36.56 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 2.34 and a beta of 0.72. Entergy Corporation has a fifty-two week low of $49.80 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the prior year, the business earned $0.26 EPS. Equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

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.