Fidelis Capital Partners LLC Takes Position in Entergy Corporation (NYSE:ETR)

Fidelis Capital Partners LLC bought a new position in shares of Entergy Corporation (NYSE:ETR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,764 shares of the utilities provider’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. Legacy Investment Solutions LLC bought a new stake in shares of Entergy in the 3rd quarter valued at about $27,000. Coastline Trust Co bought a new stake in Entergy in the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC bought a new stake in Entergy in the third quarter valued at approximately $42,000. Fortis Group Advisors LLC lifted its position in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its stake in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 179 shares during the period. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. BMO Capital Markets raised their price target on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Scotiabank cut their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Barclays raised their price objective on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given 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.

Entergy Stock Performance

NYSE:ETR opened at $85.03 on Wednesday. The company has a market cap of $36.60 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a fifty day moving average price of $81.02 and a 200-day moving average price of $73.02.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate 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 net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the prior year, the business posted $0.26 earnings per share. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.82%. Entergy’s dividend payout ratio (DPR) is 98.77%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.39% of the company’s stock.

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.