CWS Financial Advisors LLC Purchases Shares of 3,999 Entergy Corporation (NYSE:ETR)

CWS Financial Advisors LLC purchased a new stake in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,999 shares of the utilities provider’s stock, valued at approximately $303,000.

Several other hedge funds have also modified their holdings of ETR. Franklin Resources Inc. lifted its position in shares of Entergy by 53.0% during the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after buying an additional 1,981,611 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Entergy by 139.5% during the fourth quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock valued at $183,754,000 after acquiring an additional 1,411,473 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after acquiring an additional 1,354,355 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Entergy by 105.0% during the fourth quarter. Truist Financial Corp now owns 2,072,950 shares of the utilities provider’s stock valued at $157,171,000 after acquiring an additional 1,061,527 shares in the last quarter. Finally, Confluence Investment Management LLC increased its holdings in shares of Entergy by 96.0% during the fourth quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock valued at $121,863,000 after acquiring an additional 787,367 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Up 0.1 %

Entergy stock opened at $85.21 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 12 month low of $49.80 and a 12 month high of $88.38. The stock’s 50 day simple moving average is $79.66 and its two-hundred day simple moving average is $71.86. The firm has a market cap of $36.68 billion, a PE ratio of 34.99, a P/E/G ratio of 2.34 and a beta of 0.72.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. Analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.82%. Entergy’s dividend payout ratio (DPR) is 98.77%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ETR. Wells Fargo & Company upped their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Barclays upped their price objective on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $58.00 to $75.00 in a report on Monday, November 4th. UBS Group increased their price target on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Evercore ISI increased their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $82.14.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.39% of the company’s stock.

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.