Quad Capital Management Advisors LLC acquired a new position in shares of Entergy Co. (NYSE:ETR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,000 shares of the utilities provider’s stock, valued at approximately $326,000.
Other large investors have also bought and sold shares of the company. Advisors Preferred LLC boosted its stake in Entergy by 1,174.7% during the fourth quarter. Advisors Preferred LLC now owns 1,262 shares of the utilities provider’s stock worth $103,000 after acquiring an additional 1,163 shares in the last quarter. Cerebellum GP LLC bought a new stake in Entergy during the fourth quarter worth about $123,000. Calton & Associates Inc. bought a new stake in Entergy during the fourth quarter worth about $130,000. NuWave Investment Management LLC bought a new stake in Entergy during the fourth quarter worth about $193,000. Finally, Krilogy Financial LLC boosted its stake in Entergy by 1,116.0% during the third quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock worth $186,000 after acquiring an additional 2,232 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the stock. Guggenheim reissued a “buy” rating and set a $101.00 price objective on shares of Entergy in a research note on Wednesday, January 3rd. Mizuho raised shares of Entergy from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Morgan Stanley upped their target price on shares of Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. TheStreet downgraded shares of Entergy from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th. Finally, UBS Group initiated coverage on shares of Entergy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $82.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Entergy presently has an average rating of “Buy” and an average price target of $82.57.
Entergy (NYSE:ETR) last released its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.34. Entergy had a net margin of 3.81% and a return on equity of 15.79%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the business earned $0.31 earnings per share. analysts expect that Entergy Co. will post 5.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th were given a dividend of $0.89 per share. The ex-dividend date was Wednesday, February 7th. This represents a $3.56 annualized dividend and a yield of 4.59%. Entergy’s dividend payout ratio (DPR) is currently 156.14%.
In other news, SVP Alyson M. Mount sold 10,396 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $78.50, for a total value of $816,086.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Haley Fisackerly sold 500 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $78.02, for a total transaction of $39,010.00. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
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Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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