Ethos Financial Group LLC Has $269,000 Holdings in Entergy Corporation (NYSE:ETR)

Ethos Financial Group LLC increased its stake in shares of Entergy Corporation (NYSE:ETR) by 100.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,545 shares of the utilities provider’s stock after purchasing an additional 1,776 shares during the period. Ethos Financial Group LLC’s holdings in Entergy were worth $269,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ETR. Lindbrook Capital LLC grew its stake in Entergy by 111.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,382 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 728 shares during the period. Raymond James Financial Inc. acquired a new position in Entergy in the fourth quarter valued at about $101,133,000. Vision Financial Markets LLC acquired a new position in Entergy in the fourth quarter valued at about $167,000. Cullen Frost Bankers Inc. grew its stake in Entergy by 100.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 326,970 shares of the utilities provider’s stock valued at $24,791,000 after acquiring an additional 163,871 shares during the period. Finally, Arizona State Retirement System grew its stake in Entergy by 103.0% in the fourth quarter. Arizona State Retirement System now owns 124,215 shares of the utilities provider’s stock valued at $9,418,000 after acquiring an additional 63,037 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ETR. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. BMO Capital Markets boosted their price target on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Evercore ISI boosted their price target on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $82.14.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.39% of the company’s stock.

Entergy Price Performance

Entergy stock opened at $81.05 on Friday. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The company’s 50 day moving average price is $81.29 and its two-hundred day moving average price is $73.15. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a market cap of $34.88 billion, a P/E ratio of 33.28, a P/E/G ratio of 2.34 and a beta of 0.68.

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 company 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 quarter in the previous year, the firm posted $0.26 EPS. On average, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.96%. Entergy’s payout ratio is 98.77%.

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.