Entergy Corporation (NYSE:ETR) Shares Purchased by Louisbourg Investments Inc.

Louisbourg Investments Inc. boosted its position in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,400 shares of the utilities provider’s stock after purchasing an additional 700 shares during the period. Louisbourg Investments Inc.’s holdings in Entergy were worth $106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ETR. OneDigital Investment Advisors LLC lifted its stake in Entergy by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after purchasing an additional 69 shares during the last quarter. Acropolis Investment Management LLC increased its position in Entergy by 0.8% during the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after buying an additional 69 shares during the period. Great Valley Advisor Group Inc. increased its holdings in shares of Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock valued at $1,065,000 after purchasing an additional 74 shares during the period. Prossimo Advisors LLC increased its holdings in shares of Entergy by 1.5% in the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock valued at $786,000 after purchasing an additional 90 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Entergy by 1.3% in the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock valued at $952,000 after purchasing an additional 91 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ETR. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Barclays upped their price objective on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $58.00 to $75.00 in a report on Monday, November 4th. Mizuho upped their price objective on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, BMO Capital Markets dropped their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a report on Monday, November 18th. Five equities 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 stock. According to data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s 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 directly owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.39% of the company’s stock.

Entergy Stock Up 0.3 %

Shares of NYSE:ETR opened at $82.02 on Wednesday. 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 $48.08 and a 52-week high of $84.26. The stock’s fifty day simple moving average is $77.91 and its 200-day simple moving average is $70.20. The company has a market capitalization of $35.17 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.53 and a beta of 0.72.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.93%. Entergy’s dividend payout ratio is currently 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.