Argentarii LLC Buys Shares of 3,848 Entergy Corporation (NYSE:ETR)

Argentarii LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,848 shares of the utilities provider’s stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETR. Principal Financial Group Inc. raised its position in shares of Entergy by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock worth $36,885,000 after buying an additional 10,697 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Entergy during the 3rd quarter worth about $51,000. CWA Asset Management Group LLC bought a new stake in shares of Entergy during the 3rd quarter worth about $2,030,000. Verdence Capital Advisors LLC raised its position in shares of Entergy by 2.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,028 shares of the utilities provider’s stock worth $1,188,000 after buying an additional 254 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of Entergy by 20.1% during the 3rd quarter. Assetmark Inc. now owns 38,895 shares of the utilities provider’s stock worth $5,119,000 after buying an additional 6,505 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Up 0.1 %

ETR stock opened at $81.23 on Monday. The company’s 50 day simple moving average is $81.40 and its 200-day simple moving average is $73.50. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The firm has a market capitalization of $34.96 billion, a P/E ratio of 33.36, a P/E/G ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last announced its quarterly earnings data 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 net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio is 98.77%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ETR. Evercore ISI boosted their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. UBS Group boosted their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. BMO Capital Markets boosted their target price on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.14.

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s 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 sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.39% of the company’s stock.

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.