Pinion Investment Advisors LLC Invests $278,000 in Entergy Corporation (NYSE:ETR)

Pinion Investment Advisors LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,672 shares of the utilities provider’s stock, valued at approximately $278,000.

A number of other institutional investors also recently added to or reduced their stakes in ETR. Franklin Resources Inc. boosted its stake in Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after acquiring an additional 1,981,611 shares in the last quarter. Jennison Associates LLC grew its stake in Entergy by 139.5% during the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock worth $183,754,000 after buying an additional 1,411,473 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Entergy by 105.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,748,828 shares of the utilities provider’s stock valued at $208,416,000 after buying an additional 1,408,476 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Entergy by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after buying an additional 1,354,355 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Entergy by 87.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,848,293 shares of the utilities provider’s stock worth $215,958,000 after acquiring an additional 1,328,694 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

NYSE:ETR opened at $87.96 on Tuesday. The stock has a market capitalization of $37.86 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 52 week low of $49.92 and a 52 week high of $88.72. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock’s 50-day moving average price is $80.84 and its 200-day moving average price is $72.83.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS 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 analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the business earned $0.26 earnings per share. As a group, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio is presently 98.77%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ETR. BMO Capital Markets upped their price target on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. UBS Group boosted their price target on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Scotiabank reduced their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Finally, Barclays upped their target price on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Six investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.14.

Insider Buying and Selling at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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.