Roberts Glore & Co. Inc. IL Grows Holdings in Entergy Corporation (NYSE:ETR)

Roberts Glore & Co. Inc. IL grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 99.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,740 shares of the utilities provider’s stock after buying an additional 12,807 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Entergy were worth $1,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. OneDigital Investment Advisors LLC boosted its stake in shares of Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock valued at $451,000 after buying an additional 69 shares during the last quarter. Acropolis Investment Management LLC raised its position in shares of Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock valued at $1,163,000 after acquiring an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Entergy by 0.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock valued at $1,065,000 after acquiring an additional 74 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Entergy by 1.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock valued at $952,000 after acquiring an additional 91 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of Entergy by 3.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,727 shares of the utilities provider’s stock valued at $491,000 after acquiring an additional 116 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of ETR stock opened at $81.23 on Friday. The stock’s fifty day simple moving average is $81.40 and its 200 day simple moving average is $73.40. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The firm has a market cap of $34.96 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38.

Entergy (NYSE:ETR) last announced its quarterly 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 return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. On average, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.95%. Entergy’s payout ratio is 98.77%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction on 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 transaction, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. UBS Group upped their price target on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Evercore ISI increased their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.14.

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.