Delta Financial Advisors LLC Has $3.32 Million Position in Entergy Corporation (NYSE:ETR)

Delta Financial Advisors LLC raised its stake in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,762 shares of the utilities provider’s stock after buying an additional 21,883 shares during the period. Entergy comprises about 1.2% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Delta Financial Advisors LLC’s holdings in Entergy were worth $3,318,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in shares of Entergy by 21.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock valued at $129,840,000 after purchasing an additional 174,093 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Entergy by 40.7% in the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock valued at $2,448,000 after purchasing an additional 5,381 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Entergy by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock valued at $36,885,000 after purchasing an additional 10,697 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Entergy in the 4th quarter valued at $4,393,000. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Entergy by 74.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock valued at $603,000 after purchasing an additional 3,393 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ETR shares. KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted 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. UBS Group lifted 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. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, Wells Fargo & Company lifted their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.14.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the sale, the insider now 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 through this hyperlink. 0.39% of the stock is currently owned by insiders.

Entergy Stock Performance

NYSE:ETR opened at $85.51 on Wednesday. The firm’s 50-day moving average is $79.88 and its 200-day moving average is $72.05. Entergy Corporation has a 52-week low of $49.80 and a 52-week high of $88.38. 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 company has a market cap of $36.80 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.34 and a beta of 0.72.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.81%. Entergy’s payout ratio is currently 98.77%.

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.