Metis Global Partners LLC Purchases 7,514 Shares of Entergy Corporation (NYSE:ETR)

Metis Global Partners LLC lifted its position in shares of Entergy Corporation (NYSE:ETR) by 110.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,342 shares of the utilities provider’s stock after buying an additional 7,514 shares during the quarter. Metis Global Partners LLC’s holdings in Entergy were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Fortis Group Advisors LLC increased its stake in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Entergy during the third quarter worth approximately $27,000. IFS Advisors LLC acquired a new stake in Entergy during the fourth quarter worth approximately $30,000. Ulland Investment Advisors LLC grew its position in Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Finally, Coastline Trust Co acquired a new stake in Entergy during the third quarter worth approximately $31,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ETR. Mizuho increased their price target on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Barclays raised their target price on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Six 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.14.

Entergy Stock Up 0.7 %

Shares of ETR opened at $87.96 on Tuesday. Entergy Corporation has a 52 week low of $49.92 and a 52 week high of $88.72. The stock has a market capitalization of $37.86 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 2.34 and a beta of 0.72. 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 of $80.84 and a 200-day moving average of $72.83.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the company earned $0.26 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Insider Activity

In related 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 transaction of $450,146.72. Following the completion of the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is owned by corporate insiders.

Entergy 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.