Navellier & Associates Inc. Takes Position in Entergy Corporation (NYSE:ETR)

Navellier & Associates Inc. purchased a new stake in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,726 shares of the utilities provider’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. OneDigital Investment Advisors LLC increased its holdings in shares of Entergy by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock valued at $451,000 after acquiring an additional 69 shares in the last quarter. Acropolis Investment Management LLC increased its holdings in shares of Entergy by 0.8% during the third 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. increased its holdings in shares of Entergy by 0.9% during 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 acquiring an additional 74 shares in the last quarter. Prossimo Advisors LLC increased its holdings in shares of Entergy by 1.5% during the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock valued at $786,000 after acquiring an additional 90 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Entergy by 1.3% during the third 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. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ETR shares. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. BMO Capital Markets lifted their price objective on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Mizuho lifted 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. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $58.00 to $75.00 in a report on Monday, November 4th. Finally, LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. 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 stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus price target of $82.14.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.

Entergy Stock Down 1.1 %

ETR stock opened at $84.94 on Monday. Entergy Corporation has a twelve month low of $49.80 and a twelve month high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 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 PEG ratio of 2.34 and a beta of 0.72. The business’s 50-day moving average price is $79.45 and its 200-day moving average price is $71.67.

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

Entergy Dividend Announcement

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

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.