Quaero Capital S.A. Boosts Stock Position in Entergy Corporation (NYSE:ETR)

Quaero Capital S.A. lifted its position in Entergy Corporation (NYSE:ETR) by 84.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,806 shares of the utilities provider’s stock after buying an additional 8,143 shares during the quarter. Entergy accounts for approximately 1.7% of Quaero Capital S.A.’s portfolio, making the stock its 28th biggest position. Quaero Capital S.A.’s holdings in Entergy were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ETR. Legacy Investment Solutions LLC purchased a new stake in Entergy during the 3rd quarter worth about $27,000. Cetera Trust Company N.A purchased a new stake in Entergy during the 3rd quarter worth about $29,000. Fortitude Family Office LLC increased its holdings in Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares during the period. IFS Advisors LLC purchased a new stake in Entergy during the 4th quarter worth about $30,000. Finally, Ulland Investment Advisors LLC increased 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 purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.39% of the company’s stock.

Entergy Stock Down 0.7 %

Shares of NYSE ETR opened at $82.64 on Friday. The stock has a market cap of $35.44 billion, a PE ratio of 20.13, a price-to-earnings-growth 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. Entergy Corporation has a 52-week low of $48.93 and a 52-week high of $84.46. The business has a 50-day moving average price of $78.18 and a 200 day moving average price of $70.38.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 dividend on an annualized basis and a dividend yield of 2.90%. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ETR shares. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Wells Fargo & Company increased their price objective on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Mizuho increased their price objective on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a report on Thursday, January 30th. Five research 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

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.