SRS Capital Advisors Inc. Buys 4,202 Shares of Entergy Corporation (NYSE:ETR)

SRS Capital Advisors Inc. lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 801.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,726 shares of the utilities provider’s stock after acquiring an additional 4,202 shares during the period. SRS Capital Advisors Inc.’s holdings in Entergy were worth $358,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ETR. Franklin Resources Inc. increased its position in shares of Entergy by 53.0% during the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after acquiring an additional 1,981,611 shares in the last quarter. Jennison Associates LLC increased its position in shares of Entergy by 139.5% during the fourth quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock worth $183,754,000 after acquiring an additional 1,411,473 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after acquiring an additional 1,354,355 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Entergy by 87.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,848,293 shares of the utilities provider’s stock worth $215,958,000 after acquiring an additional 1,328,694 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of Entergy by 105.0% during 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 in the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.39% of the stock is currently owned by corporate insiders.

Entergy Stock Performance

Shares of ETR stock opened at $87.96 on Tuesday. The stock has a market cap of $37.86 billion, a P/E ratio of 36.12, a P/E/G ratio of 2.34 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The company has a fifty day moving average price of $80.84 and a two-hundred day moving average price of $72.83. Entergy Corporation has a one year low of $49.92 and a one year high of $88.72.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the company posted $0.26 earnings per share. As a group, equities analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio is presently 98.77%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ETR shares. Evercore ISI raised their target price on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. BMO Capital Markets raised their target price on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Mizuho raised their target price on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research report on Monday, November 4th. Bank of America downgraded shares of 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 research report on Monday, November 4th. Finally, StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.14.

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.