Crewe Advisors LLC Acquires 698 Shares of Entergy Corporation (NYSE:ETR)

Crewe Advisors LLC grew its position in Entergy Corporation (NYSE:ETR) by 99.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,400 shares of the utilities provider’s stock after purchasing an additional 698 shares during the period. Crewe Advisors LLC’s holdings in Entergy were worth $106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LCM Capital Management Inc increased its stake in shares of Entergy by 100.0% in the 4th quarter. LCM Capital Management Inc now owns 4,148 shares of the utilities provider’s stock valued at $314,000 after buying an additional 2,074 shares during the period. Meritage Portfolio Management increased its stake in shares of Entergy by 95.8% in the 4th quarter. Meritage Portfolio Management now owns 113,166 shares of the utilities provider’s stock valued at $8,580,000 after buying an additional 55,357 shares during the period. Choreo LLC increased its stake in shares of Entergy by 123.6% in the 4th quarter. Choreo LLC now owns 8,504 shares of the utilities provider’s stock valued at $644,000 after buying an additional 4,700 shares during the period. Tectonic Advisors LLC increased its stake in shares of Entergy by 58.3% in the 4th quarter. Tectonic Advisors LLC now owns 7,669 shares of the utilities provider’s stock valued at $581,000 after buying an additional 2,823 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Entergy by 174.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,919 shares of the utilities provider’s stock valued at $2,873,000 after buying an additional 24,113 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 0.4 %

NYSE:ETR opened at $82.81 on Friday. Entergy Corporation has a 1 year low of $48.08 and a 1 year high of $84.26. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The stock has a market cap of $35.51 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.50 and a beta of 0.72. The stock has a 50-day moving average price of $77.50 and a two-hundred day moving average price of $69.36.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%. Entergy’s payout ratio is 58.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays lifted their target price on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Mizuho lifted their price objective on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. UBS Group lifted their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Scotiabank decreased their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Finally, BMO Capital Markets decreased their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. Five equities research 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.81.

Insider Activity

In related news, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total transaction of $616,090.02. Following the sale, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Deanna D. Rodriguez sold 6,088 shares of the company’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 sale, the insider now owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The disclosure for this sale can be found here. 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.