Entergy Corporation (NYSE:ETR) Shares Acquired by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. boosted its holdings in Entergy Corporation (NYSE:ETR) by 89.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,657 shares of the utilities provider’s stock after purchasing an additional 49,394 shares during the period. Entergy comprises 1.1% of Stanley Laman Group Ltd.’s portfolio, making the stock its 13th largest position. Stanley Laman Group Ltd.’s holdings in Entergy were worth $7,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ETR. Exchange Traded Concepts LLC purchased a new position in Entergy in the third quarter valued at about $1,101,000. B.O.S.S. Retirement Advisors LLC boosted its holdings in Entergy by 2.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 14,365 shares of the utilities provider’s stock valued at $1,891,000 after purchasing an additional 405 shares during the last quarter. Alliance Wealth Advisors LLC boosted its holdings in Entergy by 3.7% in the third quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 92 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Entergy by 4.3% in the third quarter. Global Retirement Partners LLC now owns 7,629 shares of the utilities provider’s stock valued at $1,004,000 after purchasing an additional 317 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in Entergy by 2.7% in the third quarter. Bleakley Financial Group LLC now owns 10,697 shares of the utilities provider’s stock valued at $1,408,000 after purchasing an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ETR shares. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $69.00 to $77.00 in a report on Monday, November 4th. UBS Group increased their target price on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Five 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Stock Performance

ETR opened at $82.90 on Thursday. The firm has a market cap of $35.55 billion, a PE ratio of 20.19, a P/E/G ratio of 2.53 and a beta of 0.72. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The business has a fifty day simple moving average of $77.91 and a 200-day simple moving average of $70.20. Entergy Corporation has a fifty-two week low of $48.08 and a fifty-two week high of $84.26.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’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 completion of the sale, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.39% of the stock is currently 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.