Braun Stacey Associates Inc. Acquires 169,511 Shares of Entergy Corporation (NYSE:ETR)

Braun Stacey Associates Inc. lifted its position in Entergy Corporation (NYSE:ETR) by 88.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 360,502 shares of the utilities provider’s stock after buying an additional 169,511 shares during the period. Braun Stacey Associates Inc.’s holdings in Entergy were worth $27,333,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ETR. State Street Corp grew its stake in shares of Entergy by 1.1% during the 3rd quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock valued at $1,501,509,000 after purchasing an additional 128,667 shares during the period. FMR LLC boosted its holdings in Entergy by 5.0% in the 3rd quarter. FMR LLC now owns 6,613,647 shares of the utilities provider’s stock worth $870,422,000 after buying an additional 315,750 shares during the period. 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. Geode Capital Management LLC lifted its holdings in Entergy by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider’s stock worth $651,206,000 after purchasing an additional 37,279 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after purchasing an additional 1,354,355 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ETR has been the topic of several research analyst reports. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Barclays increased their price objective on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. 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. Guggenheim lifted their price target on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets decreased their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Five equities research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Price Performance

Shares of ETR stock opened at $82.64 on Tuesday. Entergy Corporation has a twelve month low of $48.93 and a twelve month high of $84.46. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The stock has a fifty day simple moving average of $78.32 and a two-hundred day simple moving average of $70.73. The stock has a market capitalization of $35.44 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 2.53 and a beta of 0.72.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is 58.47%.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

Entergy Company 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.