Boston Financial Mangement LLC Takes $254,000 Position in Entergy Corporation (NYSE:ETR)

Boston Financial Mangement LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,352 shares of the utilities provider’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ETR. Fortis Group Advisors LLC raised its stake in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. Legacy Investment Solutions LLC bought a new stake in Entergy during the 3rd quarter valued at approximately $27,000. Fortitude Family Office LLC raised its stake in Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 178 shares during the period. IFS Advisors LLC bought a new stake in Entergy during the 4th quarter valued at approximately $30,000. Finally, Ulland Investment Advisors LLC raised its stake in Entergy by 100.0% during the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the business’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 transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by company insiders.

Entergy Stock Performance

NYSE ETR opened at $85.82 on Friday. The company has a market cap of $36.80 billion, a P/E ratio of 35.24, a P/E/G ratio of 2.67 and a beta of 0.72. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The business’s 50 day moving average price is $79.01 and its 200-day moving average price is $71.19. Entergy Corporation has a fifty-two week low of $49.80 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.75% and a net margin of 8.90%. During the same quarter in the previous year, the company posted $0.26 EPS. Sell-side analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is currently 98.77%.

Analyst Ratings Changes

Several analysts recently issued reports on ETR shares. BMO Capital Markets lifted their target price on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. UBS Group lifted their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Finally, Wells Fargo & Company lifted their price objective on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $82.14.

Entergy Company 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.