Empirical Finance LLC Has $1.08 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

Empirical Finance LLC boosted its stake in Entergy Corporation (NYSE:ETR) by 98.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,191 shares of the utilities provider’s stock after buying an additional 7,025 shares during the period. Empirical Finance LLC’s holdings in Entergy were worth $1,076,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ETR. OneDigital Investment Advisors LLC increased its stake in shares of Entergy by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after purchasing an additional 69 shares during the period. Acropolis Investment Management LLC increased its position in Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after buying an additional 69 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of Entergy by 0.9% during the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after buying an additional 74 shares in the last quarter. Prossimo Advisors LLC grew its stake in shares of Entergy by 1.5% in the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock valued at $786,000 after acquiring an additional 90 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in Entergy by 1.3% during the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock worth $952,000 after acquiring an additional 91 shares during the period. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of recent research reports. BMO Capital Markets cut their price objective on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a report on Monday, November 18th. Wells Fargo & Company increased their price target on Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. UBS Group raised their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upped their target price on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Stock Down 0.7 %

Shares of NYSE ETR opened at $81.81 on Tuesday. The company has a market cap of $35.08 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.53 and a beta of 0.72. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. Entergy Corporation has a 12 month low of $48.08 and a 12 month high of $84.26. The stock has a 50-day moving average price of $77.68 and a two-hundred day moving average price of $69.84.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio is 58.39%.

Insider Activity at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was 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 $292,210.88. This 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 link. 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.