WCM Investment Management LLC Has $5.77 Million Stake in Entergy Corporation (NYSE:ETR)

WCM Investment Management LLC raised its holdings in Entergy Corporation (NYSE:ETR) by 302.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,228 shares of the utilities provider’s stock after purchasing an additional 57,286 shares during the period. WCM Investment Management LLC’s holdings in Entergy were worth $5,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ETR. Legacy Investment Solutions LLC bought a new stake in shares of Entergy in the third quarter valued at approximately $27,000. Cetera Trust Company N.A acquired a new position in Entergy in the 3rd quarter valued at $29,000. Fortitude Family Office LLC lifted 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 valued at $29,000 after acquiring an additional 178 shares during the period. IFS Advisors LLC acquired a new stake in shares of Entergy during the 4th quarter worth $30,000. Finally, Ulland Investment Advisors LLC increased its position in shares of Entergy by 100.0% in 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 during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity

In related news, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction on 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 document filed with the SEC, which is available through the SEC website. Also, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. BMO Capital Markets cut their price target on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a report on Monday, November 18th. Barclays lifted their price objective on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Mizuho upped their target price on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and raised their target price for the company from $69.00 to $77.00 in a report on Monday, November 4th. Five 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Entergy Stock Down 0.5 %

Shares of ETR opened at $82.37 on Monday. The stock has a market capitalization of $35.32 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.53 and a beta of 0.72. Entergy Corporation has a 52 week low of $48.08 and a 52 week high of $84.26. 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 stock has a fifty day moving average of $77.68 and a 200-day moving average of $69.74.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is currently 58.47%.

Entergy Company 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.