Entergy Corporation (NYSE:ETR) Stake Increased by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC grew its holdings in Entergy Corporation (NYSE:ETR) by 98.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,845 shares of the utilities provider’s stock after purchasing an additional 3,896 shares during the period. Centennial Wealth Advisory LLC’s holdings in Entergy were worth $595,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy during the third quarter worth $27,000. Cetera Trust Company N.A bought a new position in Entergy during the third quarter valued at about $29,000. Fortitude Family Office LLC raised its holdings in Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after buying an additional 178 shares in the last quarter. IFS Advisors LLC bought a new position in Entergy during the fourth quarter valued at about $30,000. Finally, Ulland Investment Advisors LLC raised its holdings in Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 1.1 %

NYSE ETR opened at $82.53 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The stock’s 50 day moving average is $77.42 and its two-hundred day moving average is $69.27. The company has a market capitalization of $35.39 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.50 and a beta of 0.72. Entergy Corporation has a 1-year low of $48.08 and a 1-year high of $84.26.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Monday, February 10th. Entergy’s payout ratio is 58.47%.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Haley Fisackerly sold 8,268 shares of Entergy stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total transaction of $616,090.02. Following the completion of the transaction, the insider now owns 4,032 shares of the company’s stock, valued at $300,444.48. This trade represents a 67.22 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ETR. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Scotiabank lowered their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada raised their price target on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company raised their price target on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Mizuho raised their price target on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research report on Monday, November 4th. Five investment 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.81.

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.