Sigma Planning Corp Purchases 2,914 Shares of Entergy Corporation (NYSE:ETR)

Sigma Planning Corp grew its position in Entergy Corporation (NYSE:ETR) by 91.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,096 shares of the utilities provider’s stock after purchasing an additional 2,914 shares during the quarter. Sigma Planning Corp’s holdings in Entergy were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of ETR. Fortis Group Advisors LLC boosted its position in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of Entergy in the third quarter worth $27,000. Fortitude Family Office LLC lifted its holdings in shares of Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after buying an additional 178 shares in the last quarter. IFS Advisors LLC purchased a new position in shares of Entergy in the fourth quarter worth $30,000. Finally, Ulland Investment Advisors LLC lifted its holdings in shares of Entergy by 100.0% in the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after buying an additional 200 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Down 1.0 %

Shares of ETR opened at $85.26 on Friday. The company’s fifty day simple moving average is $80.35 and its 200-day simple moving average is $72.24. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The company has a market cap of $36.70 billion, a P/E ratio of 35.02, a P/E/G ratio of 2.34 and a beta of 0.72. Entergy Corporation has a twelve month low of $49.80 and a twelve month high of $88.38.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the business posted $0.26 earnings per share. As a group, analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is presently 98.77%.

Insider Transactions at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ETR. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Scotiabank lowered their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. UBS Group boosted their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Barclays boosted their target price on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Guggenheim boosted their target price on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a report on Friday, November 1st. Six 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 stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

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.