Entergy Corporation (NYSE:ETR) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 883.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,505 shares of the utilities provider’s stock after purchasing an additional 14,827 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Entergy were worth $1,251,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ETR. Fortis Group Advisors LLC lifted its stake in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in Entergy during the 3rd quarter valued at about $27,000. Fortitude Family Office LLC grew its position in Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 178 shares in the last quarter. IFS Advisors LLC purchased a new stake in Entergy during the fourth quarter worth about $30,000. Finally, Ulland Investment Advisors LLC lifted its holdings in Entergy by 100.0% during the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after buying an additional 200 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ETR. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research report on Thursday, January 30th. Morgan Stanley raised shares of 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 report on Monday, November 4th. Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Scotiabank reduced their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company increased their target price on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.14.

Insider Buying and Selling

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction that occurred on Friday, December 13th. The shares were 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 approximately $292,210.88. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Entergy Trading Down 1.1 %

NYSE:ETR opened at $84.94 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a fifty day moving average price of $79.45 and a two-hundred day moving average price of $71.67. Entergy Corporation has a 1 year low of $49.80 and a 1 year high of $88.38. The stock has a market capitalization of $36.56 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 2.34 and a beta of 0.72.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Monday, February 10th. Entergy’s payout ratio is currently 98.56%.

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.