Louisbourg Investments Inc. Grows Position in Entergy Corporation (NYSE:ETR)

Louisbourg Investments Inc. grew its stake in Entergy Corporation (NYSE:ETR) by 100.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,400 shares of the utilities provider’s stock after purchasing an additional 700 shares during the period. Louisbourg Investments Inc.’s holdings in Entergy were worth $106,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ETR. Gateway Investment Advisers LLC purchased a new stake in Entergy in the 3rd quarter worth approximately $208,000. Exchange Traded Concepts LLC purchased a new stake in Entergy in the 3rd quarter worth approximately $1,101,000. NBC Securities Inc. boosted its position in Entergy by 4,629.8% in the 3rd quarter. NBC Securities Inc. now owns 24,311 shares of the utilities provider’s stock worth $3,199,000 after purchasing an additional 23,797 shares in the last quarter. B.O.S.S. Retirement Advisors LLC boosted its position in Entergy by 2.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 14,365 shares of the utilities provider’s stock worth $1,891,000 after purchasing an additional 405 shares in the last quarter. Finally, Alliance Wealth Advisors LLC lifted its position in shares of Entergy by 3.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock valued at $341,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.3 %

Shares of ETR opened at $82.02 on Wednesday. Entergy Corporation has a 52-week low of $48.08 and a 52-week high of $84.26. The company has a market capitalization of $35.17 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. The stock has a fifty day simple moving average of $77.91 and a two-hundred day simple moving average of $70.20. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77.

Entergy Announces Dividend

The business also recently announced 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Analysts Set New Price Targets

ETR has been the topic of a number of recent analyst reports. Guggenheim increased their target price on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and increased their target price for the company from $69.00 to $77.00 in a research report on Monday, November 4th. Wells Fargo & Company increased their target price on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Mizuho increased their price objective on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. Five 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 company. According to data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average target price of $79.81.

Insiders Place Their Bets

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction dated 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 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 hyperlink. Corporate insiders own 0.39% of the company’s stock.

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.