57,935 Shares in Entergy Corporation (NYSE:ETR) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,935 shares of the utilities provider's stock, valued at approximately $4,393,000.

A number of other large investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of Entergy by 21.4% in the third quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider's stock valued at $129,840,000 after acquiring an additional 174,093 shares in the last quarter. Empowered Funds LLC increased its holdings in Entergy by 40.7% in the third quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider's stock valued at $2,448,000 after buying an additional 5,381 shares during the last quarter. Principal Financial Group Inc. increased its holdings in 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 last quarter. Ausbil Investment Management Ltd increased its holdings in Entergy by 11.4% in the third quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider's stock valued at $12,795,000 after buying an additional 9,986 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in Entergy by 74.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock valued at $603,000 after buying an additional 3,393 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on ETR shares. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Bank of America lowered Entergy from a "buy" rating to a "neutral" rating and increased their target price for the company from $69.00 to $77.00 in a report on Monday, November 4th. Wells Fargo & Company raised their price objective on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday. Evercore ISI raised their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a report on Wednesday. Finally, UBS Group raised their price objective on Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Six investment 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 data from MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.14.

Entergy Stock Performance

Shares of ETR traded down $1.51 during mid-day trading on Thursday, hitting $85.82. 4,006,557 shares of the company's stock were exchanged, compared to its average volume of 3,811,568. Entergy Corporation has a fifty-two week low of $49.80 and a fifty-two week high of $88.38. The firm has a market capitalization of $36.80 billion, a P/E ratio of 35.24, a P/E/G ratio of 2.67 and a beta of 0.72. The business's 50 day moving average is $79.01 and its two-hundred day moving average is $71.19. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.75% and a net margin of 8.90%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the company earned $0.26 EPS. On average, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Monday, February 10th. Entergy's dividend payout ratio is presently 98.77%.

Insider Buying and Selling at Entergy

In other 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by corporate 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.