Quaero Capital S.A. Boosts Stock Position in Entergy Corporation (NYSE:ETR)

Quaero Capital S.A. grew its holdings in Entergy Corporation (NYSE:ETR) by 84.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,806 shares of the utilities provider’s stock after buying an additional 8,143 shares during the quarter. Entergy accounts for 1.7% of Quaero Capital S.A.’s investment portfolio, making the stock its 28th largest position. Quaero Capital S.A.’s holdings in Entergy were worth $1,350,000 as of its most recent SEC filing.

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

Entergy Stock Performance

Shares of Entergy stock opened at $82.64 on Friday. Entergy Corporation has a 52 week low of $48.93 and a 52 week high of $84.46. The business’s fifty day simple moving average is $78.18 and its 200-day simple moving average is $70.38. The firm has a market cap of $35.44 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Wall Street Analysts Forecast Growth

ETR has been the subject of several research reports. Scotiabank dropped their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company boosted their price target on Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. BMO Capital Markets dropped their price target on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research report on Monday, November 18th. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. Finally, Guggenheim boosted their price objective on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $79.81.

Insider Activity

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 in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

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.