Entergy Corporation (NYSE:ETR) Stock Holdings Increased by Calamos Advisors LLC

Calamos Advisors LLC lifted its holdings in Entergy Corporation (NYSE:ETR) by 100.0% in the 4th quarter, HoldingsChannel reports. The firm owned 158,182 shares of the utilities provider’s stock after purchasing an additional 79,091 shares during the quarter. Calamos Advisors LLC’s holdings in Entergy were worth $11,993,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of Entergy by 1.1% in the 3rd quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock worth $1,501,509,000 after purchasing an additional 128,667 shares during the last quarter. FMR LLC boosted its position in shares of Entergy by 5.0% in the 3rd quarter. FMR LLC now owns 6,613,647 shares of the utilities provider’s stock valued at $870,422,000 after purchasing an additional 315,750 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Entergy by 53.0% in 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 period. Geode Capital Management LLC increased its position in shares of Entergy by 0.8% in the third quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider’s stock worth $651,206,000 after acquiring an additional 37,279 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position 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 acquiring an additional 1,354,355 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ETR shares. Barclays lifted their price target on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. BMO Capital Markets lowered their price target on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. Mizuho increased their target price on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.81.

Entergy Trading Down 0.5 %

Shares of ETR opened at $81.66 on Wednesday. The stock’s 50-day moving average price is $77.34 and its 200 day moving average price is $69.08. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. Entergy Corporation has a 12-month low of $48.08 and a 12-month high of $84.26. The firm has a market capitalization of $35.02 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 2.50 and a beta of 0.72.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given 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 2.94%. Entergy’s dividend payout ratio (DPR) is currently 58.47%.

Entergy 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.