Entergy Corporation (NYSE:ETR) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 97.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,068 shares of the utilities provider’s stock after selling 37,807 shares during the period. Pathway Financial Advisers LLC’s holdings in Entergy were worth $81,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ETR. Thrivent Financial for Lutherans lifted its position in shares of Entergy by 21.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock valued at $129,840,000 after acquiring an additional 174,093 shares during the last quarter. Empowered Funds LLC raised its position in shares of Entergy by 40.7% during the third quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock worth $2,448,000 after purchasing an additional 5,381 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Entergy by 4.0% during the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock valued at $36,885,000 after purchasing an additional 10,697 shares during the last quarter. Ausbil Investment Management Ltd boosted its position in shares of Entergy by 11.4% in the 3rd quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider’s stock valued at $12,795,000 after purchasing an additional 9,986 shares during the period. Finally, Flagship Harbor Advisors LLC raised its holdings in Entergy by 74.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock worth $603,000 after buying an additional 3,393 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 0.6 %

Shares of NYSE ETR opened at $83.30 on Friday. The business has a 50 day simple moving average of $78.05 and a 200 day simple moving average of $70.29. Entergy Corporation has a 52 week low of $48.81 and a 52 week high of $84.26. The stock has a market cap of $35.72 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.53 and a beta of 0.72. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.88%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio is 58.47%.

Wall Street Analyst Weigh In

Several brokerages have commented on ETR. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $58.00 to $75.00 in a research note on Monday, November 4th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a research note on Thursday, January 30th. BMO Capital Markets decreased their target price on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research report on Monday, November 18th. Finally, Barclays upped their price target on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Insider Activity

In other Entergy news, 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 transaction of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.39% of the stock is owned by insiders.

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.