Dynamic Advisor Solutions LLC Raises Stock Position in Entergy Corporation (NYSE:ETR)

Dynamic Advisor Solutions LLC lifted its holdings in Entergy Corporation (NYSE:ETR) by 96.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,312 shares of the utilities provider’s stock after acquiring an additional 2,606 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Entergy were worth $403,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Fifth Third Bancorp raised its position in shares of Entergy by 82.1% during the fourth quarter. Fifth Third Bancorp now owns 15,479 shares of the utilities provider’s stock valued at $1,174,000 after buying an additional 6,977 shares during the last quarter. DGS Capital Management LLC increased its holdings in Entergy by 131.2% in the 4th quarter. DGS Capital Management LLC now owns 9,573 shares of the utilities provider’s stock valued at $726,000 after acquiring an additional 5,432 shares during the last quarter. Pflug Koory LLC lifted its stake in Entergy by 100.0% in the 4th quarter. Pflug Koory LLC now owns 662 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 331 shares in the last quarter. Goelzer Investment Management Inc. boosted its holdings in shares of Entergy by 96.9% during the 4th quarter. Goelzer Investment Management Inc. now owns 108,858 shares of the utilities provider’s stock valued at $8,254,000 after purchasing an additional 53,561 shares during the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Entergy during the fourth quarter valued at about $1,896,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

ETR opened at $79.43 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The business has a fifty day moving average of $76.93 and a 200 day moving average of $68.34. Entergy Corporation has a 52-week low of $48.08 and a 52-week high of $84.26. The stock has a market cap of $34.06 billion, a P/E ratio of 19.35, a PEG ratio of 2.54 and a beta of 0.71.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.46 by $0.04. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the firm posted $1.64 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.59 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group increased their price target on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Scotiabank cut their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on shares of Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.37.

Insiders Place Their Bets

In related news, insider Eliecer Viamontes sold 400 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total value of $29,400.00. Following the transaction, the insider now owns 8,346 shares of the company’s stock, valued at $613,431. This represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of Entergy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the sale, the insider now directly owns 4,032 shares of the company’s stock, valued at approximately $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,756 shares of company stock worth $1,095,637 in the last three months. Corporate 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.