Ranch Capital Advisors Inc. Boosts Stock Position in Entergy Corporation (NYSE:ETR)

Ranch Capital Advisors Inc. raised its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 103.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,779 shares of the utilities provider's stock after acquiring an additional 12,570 shares during the period. Ranch Capital Advisors Inc.'s holdings in Entergy were worth $1,879,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC lifted its stake in Entergy by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock valued at $451,000 after purchasing an additional 69 shares during the last quarter. Acropolis Investment Management LLC increased its holdings in Entergy by 0.8% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider's stock worth $1,163,000 after purchasing an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider's stock valued at $1,065,000 after purchasing an additional 74 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Entergy by 1.3% during the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider's stock valued at $952,000 after purchasing an additional 91 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in shares of Entergy by 3.2% during the third quarter. Aptus Capital Advisors LLC now owns 3,727 shares of the utilities provider's stock worth $491,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Entergy Trading Up 2.6 %

NYSE ETR traded up $2.07 during trading hours on Tuesday, hitting $82.53. 3,253,000 shares of the company's stock were exchanged, compared to its average volume of 3,239,842. The firm has a market cap of $35.52 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.34 and a beta of 0.68. The stock has a 50-day simple moving average of $81.49 and a 200 day simple moving average of $73.65. 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 Corporation has a 1-year low of $50.19 and a 1-year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The company 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 10.68%. During the same quarter last year, the firm posted $0.26 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's payout ratio is 98.77%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Evercore ISI raised their price target on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. UBS Group boosted their price objective on shares of Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a research report on Thursday, January 30th. Finally, StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Six equities research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $84.11.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy 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 transaction, the insider now owns 3,952 shares of the company's stock, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.39% of the company's stock.

Entergy 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.