Yousif Capital Management LLC Buys 21,391 Shares of Entergy Corporation (NYSE:ETR)

Yousif Capital Management LLC raised its position in shares of Entergy Corporation (NYSE:ETR) by 60.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 56,724 shares of the utilities provider’s stock after purchasing an additional 21,391 shares during the quarter. Yousif Capital Management LLC’s holdings in Entergy were worth $4,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in 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 buying an additional 1,981,611 shares during the last quarter. Jennison Associates LLC raised its position in shares of Entergy by 139.5% in the 4th 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. lifted its stake in shares of Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after purchasing an additional 1,354,355 shares during the period. Confluence Investment Management LLC boosted its position in shares of Entergy by 96.0% during the 4th quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock valued at $121,863,000 after purchasing an additional 787,367 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Entergy by 1,490.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 687,874 shares of the utilities provider’s stock worth $52,155,000 after purchasing an additional 644,622 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of research analyst reports. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $69.00 to $77.00 in a report on Monday, November 4th. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Mizuho raised their target price on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Barclays upped their price target on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.81.

Entergy Price Performance

Shares of NYSE:ETR opened at $82.37 on Friday. Entergy Corporation has a 1-year low of $48.08 and a 1-year high of $84.26. 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 market cap of $35.32 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The stock’s fifty day simple moving average is $77.59 and its two-hundred day simple moving average is $69.46.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is 58.47%.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 8,268 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total transaction of $616,090.02. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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.