Stiles Financial Services Inc Raises Stock Position in Entergy Corporation (NYSE:ETR)

Stiles Financial Services Inc raised its holdings in Entergy Corporation (NYSE:ETR) by 100.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,143 shares of the utilities provider’s stock after acquiring an additional 3,587 shares during the period. Stiles Financial Services Inc’s holdings in Entergy were worth $542,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted 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 worth $129,840,000 after buying an additional 174,093 shares during the last quarter. Empowered Funds LLC boosted its position in Entergy by 40.7% in the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock worth $2,448,000 after purchasing an additional 5,381 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Entergy by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock worth $36,885,000 after purchasing an additional 10,697 shares during the period. Ausbil Investment Management Ltd increased its holdings in shares of Entergy by 11.4% during the 3rd quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider’s stock valued at $12,795,000 after purchasing an additional 9,986 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of Entergy in the 3rd quarter valued at $32,541,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

NYSE:ETR opened at $82.37 on Monday. The company’s 50-day moving average is $77.68 and its two-hundred day moving average is $69.74. The firm has a market capitalization of $35.32 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.53 and a beta of 0.72. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. Entergy Corporation has a 1-year low of $48.08 and a 1-year high of $84.26.

Entergy Dividend Announcement

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 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 2.91%. Entergy’s dividend payout ratio (DPR) is 58.47%.

Analyst Ratings Changes

ETR has been the topic of several analyst reports. Guggenheim raised their price target on shares of Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research report on Friday, November 1st. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target for the company in a research note on Thursday, January 30th. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $58.00 to $75.00 in a research report on Monday, November 4th. Wells Fargo & Company boosted their price objective on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Mizuho upped their price target on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average target price of $79.81.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 8,268 shares of Entergy stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the completion of the sale, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. This trade represents a 67.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deanna D. Rodriguez sold 6,088 shares of the company’s 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 transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

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.