Hudock Inc. Grows Position in Entergy Corporation (NYSE:ETR)

Hudock Inc. raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 100.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,945 shares of the utilities provider’s stock after purchasing an additional 3,977 shares during the quarter. Hudock Inc.’s holdings in Entergy were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ETR. Exchange Traded Concepts LLC purchased a new stake in Entergy during the third quarter valued at about $1,101,000. B.O.S.S. Retirement Advisors LLC lifted its holdings in Entergy by 2.9% during 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 lifted its holdings in Entergy by 3.7% during 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 lifted its holdings in Entergy by 4.3% during 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 lifted its holdings in Entergy by 2.7% during 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. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.39% of the company’s stock.

Entergy Stock Up 1.1 %

ETR stock opened at $82.90 on Thursday. 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 company’s 50 day moving average is $77.91 and its 200 day moving average is $70.20. The stock has a market cap of $35.55 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. Entergy Corporation has a 1-year low of $48.08 and a 1-year high of $84.26.

Entergy Announces Dividend

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 given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is currently 58.47%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley raised shares of 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 report on Monday, November 4th. BMO Capital Markets lowered their price target on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a report on Monday, November 18th. UBS Group increased their price target on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Barclays increased their price target on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Guggenheim increased their price target on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a report on Friday, November 1st. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.81.

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.