Entergy Corporation (NYSE:ETR) Shares Acquired by LCM Capital Management Inc

LCM Capital Management Inc increased its stake in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,148 shares of the utilities provider’s stock after acquiring an additional 2,074 shares during the quarter. LCM Capital Management Inc’s holdings in Entergy were worth $314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Meritage Portfolio Management grew its position in shares of Entergy by 95.8% in the fourth quarter. Meritage Portfolio Management now owns 113,166 shares of the utilities provider’s stock valued at $8,580,000 after purchasing an additional 55,357 shares during the last quarter. Choreo LLC lifted its stake in 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 in the last quarter. Tectonic Advisors LLC grew its holdings in Entergy by 58.3% during 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 last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Entergy by 174.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,919 shares of the utilities provider’s stock worth $2,873,000 after buying an additional 24,113 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its holdings in shares of Entergy by 90.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,976 shares of the utilities provider’s stock worth $150,000 after acquiring an additional 941 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ETR shares. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Wells Fargo & Company lifted their price target on shares of Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Finally, BMO Capital Markets cut their price target on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a report on Monday, November 18th. Five equities 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.81.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total value of $616,090.02. Following the transaction, the insider now directly owns 4,032 shares of the company’s stock, valued at $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 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 disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Entergy Trading Up 1.1 %

Shares of ETR opened at $82.53 on Thursday. The stock’s fifty day simple moving average is $77.42 and its 200 day simple moving average is $69.27. Entergy Corporation has a twelve month low of $48.08 and a twelve month 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 firm has a market capitalization of $35.39 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio is currently 58.47%.

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.