Stiles Financial Services Inc Acquires 3,587 Shares of Entergy Corporation (NYSE:ETR)

Stiles Financial Services Inc boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 100.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,143 shares of the utilities provider’s stock after purchasing an additional 3,587 shares during the quarter. Stiles Financial Services Inc’s holdings in Entergy were worth $542,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ETR. Clarius Group LLC purchased a new position in shares of Entergy in the third quarter worth $213,000. Gateway Investment Advisers LLC bought a new stake in Entergy in the third quarter worth $208,000. Exchange Traded Concepts LLC purchased a new stake in Entergy during the third quarter valued at $1,101,000. Sound Income Strategies LLC lifted its position in Entergy by 4.3% during the third quarter. Sound Income Strategies LLC now owns 98,377 shares of the utilities provider’s stock valued at $12,947,000 after purchasing an additional 4,027 shares during the last quarter. Finally, Viking Fund Management LLC grew its stake in shares of Entergy by 4.2% in the 3rd quarter. Viking Fund Management LLC now owns 123,600 shares of the utilities provider’s stock worth $16,267,000 after buying an additional 5,000 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wells Fargo & Company increased their price target on shares of Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their target price on Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Finally, StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Five 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.81.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’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 owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total transaction of $616,090.02. Following the transaction, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. This trade represents a 67.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Entergy Trading Down 0.5 %

ETR opened at $82.37 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The firm has a market cap of $35.32 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.53 and a beta of 0.72. Entergy Corporation has a 12 month low of $48.08 and a 12 month high of $84.26. The stock has a fifty day moving average price of $77.68 and a 200-day moving average price of $69.74.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. Entergy’s dividend payout ratio is presently 58.47%.

Entergy 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.