Roberts Glore & Co. Inc. IL Has $1.95 Million Stake in Entergy Corporation (NYSE:ETR)

Roberts Glore & Co. Inc. IL lifted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 99.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,740 shares of the utilities provider's stock after buying an additional 12,807 shares during the period. Roberts Glore & Co. Inc. IL's holdings in Entergy were worth $1,952,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ETR. Farther Finance Advisors LLC raised its position in Entergy by 126.6% in the third quarter. Farther Finance Advisors LLC now owns 2,352 shares of the utilities provider's stock valued at $310,000 after purchasing an additional 1,314 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Entergy by 4.0% in the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider's stock valued at $36,885,000 after buying an additional 10,697 shares during the period. Portside Wealth Group LLC increased its stake in shares of Entergy by 2.5% in the third quarter. Portside Wealth Group LLC now owns 5,927 shares of the utilities provider's stock valued at $780,000 after buying an additional 144 shares during the period. Capital Performance Advisors LLP bought a new position in Entergy in the 3rd quarter valued at approximately $51,000. Finally, CWA Asset Management Group LLC acquired a new stake in Entergy during the 3rd quarter worth approximately $2,030,000. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 2.3 %

ETR stock traded up $1.85 during mid-day trading on Tuesday, reaching $82.31. The company's stock had a trading volume of 3,581,012 shares, compared to its average volume of 3,247,557. Entergy Corporation has a 12 month low of $50.19 and a 12 month 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. The business's 50 day moving average price is $81.49 and its 200 day moving average price is $73.65. The company has a market cap 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.

Remove Ads

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. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the firm posted $0.26 EPS. On average, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

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

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the business's stock in a transaction dated Friday, December 13th. The stock was 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 directly owns 3,952 shares of the company's stock, valued at $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 available at the SEC website. Insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ETR. KeyCorp cut shares of Entergy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday. Wells Fargo & Company raised their target price on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. BMO Capital Markets upped their price target on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target for the company in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $84.11.

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.