Entergy Corporation (NYSE:ETR) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its position in shares of Entergy Corporation (NYSE:ETR) by 99.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 605,156 shares of the utilities provider’s stock after buying an additional 302,202 shares during the period. Retirement Systems of Alabama owned approximately 0.14% of Entergy worth $45,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Entergy during the 3rd quarter worth approximately $27,000. Cetera Trust Company N.A acquired a new stake in shares of Entergy during the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC boosted its position in shares of Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares during the period. IFS Advisors LLC purchased a new position in shares of Entergy during the 4th quarter worth approximately $30,000. Finally, Ulland Investment Advisors LLC boosted its position in shares of Entergy by 100.0% during the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ETR. Guggenheim increased their price objective on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research report on Friday, November 1st. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. Royal Bank of Canada lifted their price objective on shares of Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Five investment 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Trading Down 0.5 %

NYSE ETR opened at $81.66 on Wednesday. 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 firm has a market cap of $35.02 billion, a PE ratio of 19.89, a P/E/G ratio of 2.50 and a beta of 0.72. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26. The firm’s fifty day moving average is $77.34 and its two-hundred day moving average is $69.08.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.94%. Entergy’s dividend payout ratio is presently 58.47%.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 8,268 shares of Entergy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the sale, the insider now owns 4,032 shares of the company’s stock, valued at $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction dated Friday, December 13th. The shares were 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 approximately $292,210.88. The trade was a 60.64 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

About Entergy

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.