Cigna Investments Inc. New Has $327,000 Stock Position in Entergy Corporation (NYSE:ETR)

Cigna Investments Inc. New boosted its position in Entergy Corporation (NYSE:ETR) by 95.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,304 shares of the utilities provider’s stock after acquiring an additional 2,102 shares during the period. Cigna Investments Inc. New’s holdings in Entergy were worth $327,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of Entergy in the 3rd quarter worth $27,000. Cetera Trust Company N.A acquired a new position in Entergy during the third quarter worth $29,000. Fortitude Family Office LLC lifted its stake in shares of Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after buying an additional 178 shares in the last quarter. IFS Advisors LLC acquired a new position in shares of Entergy during the fourth quarter valued at about $30,000. Finally, Ulland Investment Advisors LLC increased its position in shares of 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 acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction that occurred on Friday, December 13th. The shares were 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 directly owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

Entergy Stock Up 0.3 %

ETR stock opened at $82.02 on Wednesday. Entergy Corporation has a fifty-two week low of $48.08 and a fifty-two week high of $84.26. The stock has a fifty day moving average of $77.78 and a 200-day moving average of $70.03. The company has a market capitalization of $35.17 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.53 and a beta of 0.72. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be paid a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.93%. Entergy’s payout ratio is 58.47%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ETR shares. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and raised their target price for the company from $69.00 to $77.00 in a report on Monday, November 4th. Guggenheim upped their price target on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets dropped their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research note on Monday, November 18th. Finally, LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.81.

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.