Entergy Co. (NYSE:ETR) Stock Holdings Raised by Prospera Financial Services Inc


Prospera Financial Services Inc raised its stake in Entergy Co. (NYSE:ETR – Get Rating) by 4.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,217 shares of the utilities provider’s stock after acquiring an additional 101 shares during the period. Prospera Financial Services Inc’s holdings in Entergy were worth $259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Deseret Mutual Benefit Administrators lifted its stake in shares of Entergy by 7.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,266 shares of the utilities provider’s stock worth $143,000 after acquiring an additional 92 shares during the period. Louisiana State Employees Retirement System lifted its stake in Entergy by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the utilities provider’s stock valued at $1,598,000 after purchasing an additional 100 shares during the last quarter. Bailard Inc. lifted its stake in Entergy by 5.2% during the fourth quarter. Bailard Inc. now owns 2,336 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 115 shares during the last quarter. Delta Financial Advisors LLC lifted its stake in Entergy by 0.5% during the fourth quarter. Delta Financial Advisors LLC now owns 23,484 shares of the utilities provider’s stock valued at $2,645,000 after purchasing an additional 116 shares during the last quarter. Finally, Horrell Capital Management Inc. lifted its stake in Entergy by 0.5% during the fourth quarter. Horrell Capital Management Inc. now owns 29,670 shares of the utilities provider’s stock valued at $3,342,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 88.94% of the company’s stock.

Entergy Stock Down 0.3%

Entergy stock opened at $115.11 on Wednesday. The firm has a market cap of $23.41 billion, a PE ratio of 21.97, a P/E/G ratio of 2.70 and a beta of 0.58. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.49 and a current ratio of 0.72. The firm’s 50 day moving average price is $112.52 and its two-hundred day moving average price is $113.35. Entergy Co. has a twelve month low of $98.50 and a twelve month high of $126.82.

Entergy Announcements Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $4.04 annualized dividend and a yield of 3.51%. Entergy’s dividend payout ratio is presently 77.10%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ETR shares. The Goldman Sachs Group set a $224.00 target price on shares of Entergy in a research note on Monday, May 16th. Mizuho cut their target price on shares of Entergy from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Sanford C. Bernstein set a $100.00 price target on shares of Entergy and gave the company a “market perform” rating in a report on Tuesday, May 17th. Credit Suisse Group cut their price target on shares of Entergy from $136.00 to $114.00 and set an “outperform” rating on the stock in a report on Tuesday, June 21st. Finally, UBS Group set the $123.00 price target on shares of Entergy in a report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Entergy has a consensus rating of “Hold” and a consensus target price of $121.93.

Insider Transactions at Entergy

In related news, COO Paul D. Hinnenkamp sold 6,500 shares of the company’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $120.94, for a total value of $786,110.00. Following the completion of the sale, the chief operating officer now directly owns 26,102 shares in the company, valued at $3,156,775.88. The sale was disclosed at the filing with the Securities Exchange Commission, which is available at the SEC website. 0.37% of the stock is currently owned by company insiders.

Entergy Profile

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Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

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Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Co. (NYSE:ETR – Get Rating).

Institutional Ownership by Quarter for Enterprise (NYSE:ETR)



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