Inspire Advisors LLC Raises Stock Position in Entergy Corporation (NYSE:ETR)

Inspire Advisors LLC raised its position in Entergy Corporation (NYSE:ETR - Free Report) by 188.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,466 shares of the utilities provider's stock after buying an additional 10,096 shares during the period. Inspire Advisors LLC's holdings in Entergy were worth $1,173,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Briaud Financial Planning Inc boosted its holdings in Entergy by 100.0% in the 4th quarter. Briaud Financial Planning Inc now owns 1,048 shares of the utilities provider's stock worth $79,000 after buying an additional 524 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in Entergy by 131.2% in the 4th quarter. Sage Mountain Advisors LLC now owns 5,875 shares of the utilities provider's stock worth $445,000 after purchasing an additional 3,334 shares in the last quarter. S&CO Inc. lifted its stake in Entergy by 100.0% in the 4th quarter. S&CO Inc. now owns 8,966 shares of the utilities provider's stock worth $679,000 after purchasing an additional 4,483 shares in the last quarter. Net Worth Advisory Group lifted its stake in Entergy by 58.0% in the 4th quarter. Net Worth Advisory Group now owns 2,724 shares of the utilities provider's stock worth $207,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Channing Capital Management LLC lifted its stake in Entergy by 55.0% in the 4th quarter. Channing Capital Management LLC now owns 103,781 shares of the utilities provider's stock worth $7,869,000 after purchasing an additional 36,828 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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Entergy Stock Performance

ETR traded up $1.85 on Tuesday, reaching $82.31. The company had a trading volume of 5,745,234 shares, compared to its average volume of 3,253,493. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The stock has a market capitalization of $35.43 billion, a PE ratio of 33.80, a P/E/G ratio of 2.34 and a beta of 0.68. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a 50-day moving average price of $81.62 and a 200-day moving average price of $73.81.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly 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. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. Entergy's dividend payout ratio (DPR) is 98.77%.

Analyst Ratings Changes

Several analysts have recently commented on ETR shares. Scotiabank reduced their price target on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. 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 report on Wednesday, February 19th. StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. KeyCorp downgraded shares of Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Finally, LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a report on Thursday, January 30th. Six investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.11.

Insider Transactions at Entergy

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 completion of the sale, the insider now owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. 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.

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.