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

Catalyst Capital Advisors LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 212.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 949 shares of the utilities provider’s stock after purchasing an additional 645 shares during the period. Catalyst Capital Advisors LLC’s holdings in Entergy were worth $72,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETR. Net Worth Advisory Group bought a new position in Entergy during the third quarter worth about $227,000. Blue Trust Inc. lifted its stake in Entergy by 700.0% during the third 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 raised its stake in shares of Entergy by 1.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 104,192 shares of the utilities provider’s stock valued at $13,713,000 after acquiring an additional 1,382 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Entergy by 11.9% in the third quarter. Foundations Investment Advisors LLC now owns 5,583 shares of the utilities provider’s stock valued at $735,000 after acquiring an additional 595 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new position in shares of Entergy in the third quarter valued at approximately $29,000. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of Entergy stock opened at $87.45 on Wednesday. The firm has a fifty day moving average of $78.47 and a two-hundred day moving average of $70.89. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.53 and a beta of 0.72. Entergy Corporation has a 52 week low of $49.80 and a 52 week high of $88.38. 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 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 quarter in the previous year, the business posted $0.26 earnings per share. As a group, equities research analysts predict that Entergy Corporation will post 3.63 EPS for the current year.

Entergy Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Monday, February 10th. Entergy’s payout ratio is 58.47%.

Insider Buying and Selling at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction 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 owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $69.00 to $77.00 in a research note on Monday, November 4th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Guggenheim lifted their target price on shares of Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.