Cookson Peirce & Co. Inc. Has $1.09 Million Stock Position in Entergy Corporation (NYSE:ETR)

Cookson Peirce & Co. Inc. lifted its stake in Entergy Corporation (NYSE:ETR) by 238.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,430 shares of the utilities provider’s stock after purchasing an additional 10,162 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Entergy were worth $1,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. OneDigital Investment Advisors LLC raised its stake in shares of Entergy by 2.1% in the 3rd 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 raised its stake in shares of Entergy by 0.8% in the 3rd 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. raised its stake in shares of Entergy by 0.9% in the 3rd 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. Brown Brothers Harriman & Co. raised its stake in shares of Entergy by 1.3% in the 3rd 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. Finally, Aptus Capital Advisors LLC raised its stake in shares of Entergy by 3.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,727 shares of the utilities provider’s stock valued at $491,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE:ETR opened at $84.69 on Thursday. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The firm has a market capitalization of $36.45 billion, a PE ratio of 34.78, a PEG ratio of 2.34 and a beta of 0.68. The business’s 50 day moving average is $81.19 and its 200-day moving average is $73.10. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the firm earned $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 business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio is 98.77%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ETR shares. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research note on Thursday, January 30th. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Evercore ISI raised their price objective on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Wells Fargo & Company raised their target price on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets raised their target price on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.14.

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 value of $450,146.72. Following the sale, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by insiders.

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.