Addison Advisors LLC Has $33,000 Position in Entergy Corporation (NYSE:ETR)

Addison Advisors LLC raised its position in shares of Entergy Corporation (NYSE:ETR) by 175.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 441 shares of the utilities provider’s stock after purchasing an additional 281 shares during the quarter. Addison Advisors LLC’s holdings in Entergy were worth $33,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ETR. Franklin Resources Inc. raised its stake in Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after purchasing an additional 1,981,611 shares during the period. Jennison Associates LLC raised its stake in Entergy by 139.5% during the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock valued at $183,754,000 after purchasing an additional 1,411,473 shares during the period. JPMorgan Chase & Co. raised its stake in Entergy by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after purchasing an additional 1,354,355 shares during the period. Truist Financial Corp increased its stake in shares of Entergy by 105.0% in the fourth quarter. Truist Financial Corp now owns 2,072,950 shares of the utilities provider’s stock worth $157,171,000 after acquiring an additional 1,061,527 shares during the last quarter. Finally, Confluence Investment Management LLC increased its stake in shares of Entergy by 96.0% in the fourth quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock worth $121,863,000 after acquiring an additional 787,367 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 0.3 %

ETR stock opened at $85.51 on Wednesday. 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 Corporation has a 52-week low of $49.80 and a 52-week high of $88.38. The company has a 50-day moving average of $79.88 and a two-hundred day moving average of $72.05. The stock has a market capitalization of $36.80 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72.

Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (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 company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the company earned $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 Dividend Announcement

The business 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. This represents a $2.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is presently 98.77%.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the 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 completion of the sale, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. BMO Capital Markets upped their price target on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $69.00 to $77.00 in a research note on Monday, November 4th. Mizuho upped their price target on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Six equities research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.14.

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.