Lake Street Advisors Group LLC Increases Stock Holdings in Entergy Corporation (NYSE:ETR)

Lake Street Advisors Group LLC boosted its position in Entergy Corporation (NYSE:ETR) by 105.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,196 shares of the utilities provider’s stock after buying an additional 2,149 shares during the period. Lake Street Advisors Group LLC’s holdings in Entergy were worth $318,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC raised its stake in shares of Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after buying an additional 69 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in Entergy by 0.8% during the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after acquiring an additional 69 shares during the period. 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 worth $1,065,000 after acquiring an additional 74 shares in the last quarter. Prossimo Advisors LLC lifted its holdings in Entergy by 1.5% in the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock valued at $786,000 after acquiring an additional 90 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Entergy by 1.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock worth $952,000 after purchasing an additional 91 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 2.4 %

ETR opened at $87.29 on Friday. The firm has a market cap of $37.57 billion, a P/E ratio of 35.85, a PEG ratio of 2.34 and a beta of 0.72. The business’s fifty day simple moving average is $80.59 and its 200 day simple moving average is $72.43. 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.

Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion for 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 last year, the company earned $0.26 EPS. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.75%. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Insider Buying and Selling at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction on 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Barclays upped their target price on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target for the company in a research report on Thursday, January 30th. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Finally, UBS Group lifted 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 equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and an average price target of $82.14.

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.