Camelot Portfolios LLC Acquires 1,588 Shares of Entergy Corporation (NYSE:ETR)

Camelot Portfolios LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 76.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,671 shares of the utilities provider’s stock after acquiring an additional 1,588 shares during the period. Camelot Portfolios LLC’s holdings in Entergy were worth $278,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ETR. Fortis Group Advisors LLC boosted its position in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in Entergy during the third quarter valued at $27,000. Fortitude Family Office LLC boosted its holdings in Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 178 shares in the last quarter. IFS Advisors LLC purchased a new stake in shares of Entergy in the fourth quarter worth $30,000. Finally, Ulland Investment Advisors LLC increased its holdings in shares of Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

NYSE ETR opened at $84.94 on Friday. The company has a 50-day moving average price of $79.24 and a 200-day moving average price of $71.30. Entergy Corporation has a 52 week low of $49.80 and a 52 week high of $88.38. 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 firm has a market capitalization of $36.56 billion, a P/E ratio of 34.88, a PEG ratio of 2.66 and a beta of 0.72.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the company earned $0.26 earnings per share. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.83%. Entergy’s dividend payout ratio (DPR) is presently 98.56%.

Insider Buying and Selling at Entergy

In related 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 transaction, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. UBS Group increased their price target on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Evercore ISI increased their target price on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday. Finally, BMO Capital Markets boosted their price target on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

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.