Wrapmanager Inc. Acquires 1,044 Shares of Entergy Corporation (NYSE:ETR)

Wrapmanager Inc. increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 53.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,014 shares of the utilities provider’s stock after buying an additional 1,044 shares during the period. Wrapmanager Inc.’s holdings in Entergy were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. CWS Financial Advisors LLC bought a new stake in shares of Entergy during the fourth quarter worth approximately $303,000. Addison Advisors LLC raised its stake in shares of Entergy by 175.6% during the fourth quarter. Addison Advisors LLC now owns 441 shares of the utilities provider’s stock worth $33,000 after buying an additional 281 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Entergy during the fourth quarter worth approximately $47,000. Rothschild Investment LLC raised its stake in shares of Entergy by 109.9% during the fourth quarter. Rothschild Investment LLC now owns 699 shares of the utilities provider’s stock worth $53,000 after buying an additional 366 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its stake in shares of Entergy by 128.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 6,659 shares of the utilities provider’s stock worth $505,000 after buying an additional 3,741 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ETR. Wells Fargo & Company boosted 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. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. UBS Group boosted their price objective on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $58.00 to $75.00 in a report on Monday, November 4th. Finally, Barclays boosted 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. Six 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.14.

Entergy Stock Performance

Shares of ETR opened at $85.51 on Wednesday. The stock has a market capitalization of $36.80 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.34 and a beta of 0.72. Entergy Corporation has a 12 month low of $49.80 and a 12 month high of $88.38. The firm has a fifty day simple moving average of $79.88 and a 200 day simple moving average of $72.05. 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 (NYSE:ETR) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the firm earned $0.26 earnings per share. Research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is currently 98.77%.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s 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 transaction, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.