Atria Investments Inc Has $7.19 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

Atria Investments Inc boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 111.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,849 shares of the utilities provider’s stock after acquiring an additional 50,047 shares during the period. Atria Investments Inc’s holdings in Entergy were worth $7,191,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Entergy by 126.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,352 shares of the utilities provider’s stock valued at $310,000 after buying an additional 1,314 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Entergy by 4.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 110,831 shares of the utilities provider’s stock valued at $14,586,000 after buying an additional 4,384 shares during the period. National Pension Service grew its holdings in shares of Entergy by 5.3% in the 3rd quarter. National Pension Service now owns 363,303 shares of the utilities provider’s stock valued at $47,814,000 after buying an additional 18,256 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Entergy by 7.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 84,528 shares of the utilities provider’s stock valued at $11,125,000 after buying an additional 5,575 shares during the period. Finally, Crestwood Advisors Group LLC grew its holdings in shares of Entergy by 21.0% in the 3rd quarter. Crestwood Advisors Group LLC now owns 2,918 shares of the utilities provider’s stock valued at $384,000 after buying an additional 506 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ETR. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Evercore ISI boosted their price target on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. UBS Group boosted their price objective on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Scotiabank cut their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Finally, KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.14.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction dated 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. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is owned by company insiders.

Entergy Trading Down 4.3 %

Shares of NYSE:ETR opened at $81.05 on Friday. The company’s 50-day moving average price is $81.29 and its two-hundred day moving average price is $73.15. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. The stock has a market capitalization of $34.88 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the previous year, the firm posted $0.26 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.96%. Entergy’s dividend payout ratio is presently 98.77%.

Entergy Company 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.