Catalyst Capital Advisors LLC Purchases 645 Shares of Entergy Corporation (NYSE:ETR)

Catalyst Capital Advisors LLC lifted its position in Entergy Corporation (NYSE:ETR) by 212.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 949 shares of the utilities provider’s stock after buying an additional 645 shares during the period. Catalyst Capital Advisors LLC’s holdings in Entergy were worth $72,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ETR. Net Worth Advisory Group bought a new stake in shares of Entergy in the 3rd quarter valued at $227,000. Blue Trust Inc. boosted its stake in Entergy by 700.0% in the 3rd quarter. Blue Trust Inc. now owns 1,696 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 1,484 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Entergy by 1.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 104,192 shares of the utilities provider’s stock worth $13,713,000 after purchasing an additional 1,382 shares during the period. Foundations Investment Advisors LLC boosted its stake in Entergy by 11.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 5,583 shares of the utilities provider’s stock worth $735,000 after purchasing an additional 595 shares during the period. Finally, Cetera Trust Company N.A acquired a new position in Entergy in the 3rd quarter worth $29,000. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ETR shares. Mizuho upped their target price on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Barclays upped their target price on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Guggenheim increased their price objective on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Five investment 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.81.

Entergy Trading Up 6.0 %

Shares of NYSE:ETR opened at $87.45 on Wednesday. Entergy Corporation has a 52-week low of $49.80 and a 52-week high of $88.38. The company has a market capitalization of $37.50 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. The company has a 50-day simple moving average of $78.47 and a 200 day simple moving average of $70.89. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period in the prior year, the company posted $0.26 earnings per share. Sell-side analysts forecast that Entergy Corporation will post 3.63 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.74%. Entergy’s dividend payout ratio is currently 58.47%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.