Fourpath Capital Management LLC Has $525,000 Holdings in Entergy Corporation (NYSE:ETR)

Fourpath Capital Management LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 26.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,918 shares of the utilities provider’s stock after acquiring an additional 1,451 shares during the period. Fourpath Capital Management LLC’s holdings in Entergy were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. Clearbridge Investments LLC increased its stake in Entergy by 15.5% during the 2nd quarter. Clearbridge Investments LLC now owns 3,181 shares of the utilities provider’s stock worth $340,000 after purchasing an additional 427 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Entergy by 5.6% during the third quarter. Park Avenue Securities LLC now owns 20,653 shares of the utilities provider’s stock worth $2,718,000 after acquiring an additional 1,098 shares in the last quarter. Czech National Bank raised its holdings in shares of Entergy by 7.0% during the third quarter. Czech National Bank now owns 43,555 shares of the utilities provider’s stock worth $5,732,000 after acquiring an additional 2,864 shares during the period. GAMMA Investing LLC raised its holdings in shares of Entergy by 20.7% during the third quarter. GAMMA Investing LLC now owns 6,113 shares of the utilities provider’s stock worth $805,000 after acquiring an additional 1,049 shares during the period. Finally, A. D. Beadell Investment Counsel Inc. bought a new stake in Entergy in the 3rd quarter valued at $1,539,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Eliecer Viamontes sold 400 shares of Entergy stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total transaction of $29,400.00. Following the completion of the sale, the insider now directly owns 8,346 shares of the company’s stock, valued at approximately $613,431. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of the business’s 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 completion of the sale, the insider now owns 4,032 shares of the company’s stock, valued at $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 sold 14,756 shares of company stock worth $1,095,637 over the last three months. Insiders own 0.54% of the company’s stock.

Entergy Price Performance

NYSE:ETR opened at $82.04 on Tuesday. The firm’s fifty day moving average price is $77.23 and its two-hundred day moving average price is $68.90. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The company has a market cap of $35.18 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.50 and a beta of 0.72. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.93%. Entergy’s dividend payout ratio is currently 58.47%.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research reports. Royal Bank of Canada boosted their price target on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Guggenheim raised their price target on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho increased their target price on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a report on Monday, November 4th. Scotiabank cut their price target on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Finally, LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

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.