Clarus Wealth Advisors acquired a new position in shares of Entergy Co. (NYSE:ETR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,124 shares of the utilities provider’s stock, valued at approximately $336,000.
Several other institutional investors also recently bought and sold shares of ETR. Toronto Dominion Bank grew its stake in shares of Entergy by 25.5% during the second quarter. Toronto Dominion Bank now owns 61,023 shares of the utilities provider’s stock worth $4,684,000 after purchasing an additional 12,390 shares in the last quarter. Northpointe Capital LLC acquired a new position in shares of Entergy during the third quarter worth $2,681,000. Janus Henderson Group PLC grew its stake in shares of Entergy by 13.2% during the third quarter. Janus Henderson Group PLC now owns 105,648 shares of the utilities provider’s stock worth $8,067,000 after purchasing an additional 12,285 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Entergy by 190.5% during the fourth quarter. Acadian Asset Management LLC now owns 30,030 shares of the utilities provider’s stock worth $2,444,000 after purchasing an additional 19,693 shares in the last quarter. Finally, Nine Chapters Capital Management LLC acquired a new position in shares of Entergy during the third quarter worth $756,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Entergy Co. (NYSE:ETR) traded down $0.61 during midday trading on Wednesday, reaching $74.44. 225,911 shares of the company’s stock traded hands, compared to its average volume of 1,357,626. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. Entergy Co. has a one year low of $69.63 and a one year high of $87.95. The firm has a market capitalization of $13,452.16, a P/E ratio of -15.13, a PEG ratio of 2.09 and a beta of 0.50.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $3.56 annualized dividend and a yield of 4.78%. Entergy’s dividend payout ratio is presently -72.06%.
A number of brokerages recently commented on ETR. TheStreet upgraded shares of Entergy from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Mizuho reiterated a “hold” rating and set a $83.00 target price on shares of Entergy in a research note on Friday, October 27th. Wells Fargo & Co reiterated an “outperform” rating and set a $96.00 target price (up previously from $90.00) on shares of Entergy in a research note on Wednesday, October 25th. Bank of America began coverage on shares of Entergy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $86.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Entergy currently has an average rating of “Buy” and a consensus target price of $83.50.
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Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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