Roberts Glore & Co. Inc. IL Boosts Position in Entergy Corporation (NYSE:ETR)

Roberts Glore & Co. Inc. IL increased its stake in Entergy Corporation (NYSE:ETR) by 99.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,740 shares of the utilities provider’s stock after buying an additional 12,807 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Entergy were worth $1,952,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new position in Entergy during the 3rd quarter valued at about $27,000. Coastline Trust Co purchased a new position in Entergy during the 3rd quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new position in Entergy during the 3rd quarter valued at about $42,000. Fortis Group Advisors LLC grew its position in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its position in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ETR shares. Scotiabank lowered their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Evercore ISI lifted their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, BMO Capital Markets lifted their price objective on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Six 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.14.

Insider Activity at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s 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 transaction, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.39% of the stock is currently owned by corporate insiders.

Entergy Price Performance

Entergy stock opened at $81.23 on Friday. The firm’s 50-day simple moving average is $81.40 and its 200 day simple moving average is $73.40. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The firm has a market capitalization of $34.96 billion, a PE ratio of 33.36, a P/E/G ratio of 2.34 and a beta of 0.68. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last announced 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. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the company posted $0.26 EPS. On average, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced 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 2.95%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s payout ratio is 98.77%.

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.