Oxbow Advisors LLC Has $2.68 Million Stock Position in Entergy Corporation (NYSE:ETR)

Oxbow Advisors LLC lowered its stake in Entergy Corporation (NYSE:ETR) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,379 shares of the utilities provider’s stock after selling 7,536 shares during the quarter. Oxbow Advisors LLC’s holdings in Entergy were worth $2,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Element Wealth LLC increased its position in shares of Entergy by 100.1% in the fourth quarter. Element Wealth LLC now owns 3,662 shares of the utilities provider’s stock valued at $278,000 after acquiring an additional 1,832 shares during the last quarter. Navellier & Associates Inc. acquired a new position in Entergy during the fourth quarter worth approximately $283,000. Deseret Mutual Benefit Administrators increased its position in Entergy by 100.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 842 shares of the utilities provider’s stock worth $64,000 after buying an additional 421 shares during the last quarter. Camelot Portfolios LLC increased its position in Entergy by 76.2% during the fourth quarter. Camelot Portfolios LLC now owns 3,671 shares of the utilities provider’s stock worth $278,000 after buying an additional 1,588 shares during the last quarter. Finally, Bank of Stockton increased its position in Entergy by 101.1% during the fourth quarter. Bank of Stockton now owns 8,041 shares of the utilities provider’s stock worth $610,000 after buying an additional 4,043 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Down 1.1 %

Shares of ETR stock opened at $84.94 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a market cap of $36.56 billion, a P/E ratio of 34.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. The stock has a 50 day simple moving average of $79.24 and a 200 day simple moving average of $71.30. Entergy Corporation has a 1 year low of $49.80 and a 1 year high of $88.38.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the company posted $0.26 earnings per share. On average, research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is currently 98.56%.

Insider Activity at Entergy

In other Entergy 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 transaction of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on ETR. Guggenheim boosted their price target on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research report on Friday, November 1st. Evercore ISI boosted their price target on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday. 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. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Finally, Barclays boosted their price target on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Six investment 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.14.

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.