Brendel Financial Advisors LLC Takes $1.78 Million Position in Entergy Co. (NYSE:ETR)

Brendel Financial Advisors LLC acquired a new position in Entergy Co. (NYSE:ETR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,611 shares of the utilities provider's stock, valued at approximately $1,782,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its position in Entergy by 15.6% in the 4th quarter. CWM LLC now owns 14,747 shares of the utilities provider's stock worth $1,492,000 after purchasing an additional 1,989 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Entergy by 16.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,676 shares of the utilities provider's stock worth $2,092,000 after acquiring an additional 2,897 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Entergy by 1.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 7,945 shares of the utilities provider's stock worth $804,000 after acquiring an additional 131 shares in the last quarter. Lindbrook Capital LLC grew its stake in Entergy by 167.6% in the 4th quarter. Lindbrook Capital LLC now owns 685 shares of the utilities provider's stock worth $69,000 after acquiring an additional 429 shares in the last quarter. Finally, abrdn plc grew its stake in Entergy by 84.2% in the 4th quarter. abrdn plc now owns 113,251 shares of the utilities provider's stock worth $11,460,000 after acquiring an additional 51,776 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Up 2.9 %

ETR traded up $3.02 during trading on Friday, hitting $106.77. The stock had a trading volume of 2,118,778 shares, compared to its average volume of 1,299,847. The company has a market capitalization of $22.77 billion, a PE ratio of 9.63, a PEG ratio of 2.11 and a beta of 0.71. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $109.70. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57. The stock has a 50 day simple moving average of $102.62 and a two-hundred day simple moving average of $100.27.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $3.27 billion. Entergy had a net margin of 19.41% and a return on equity of 10.54%. During the same period last year, the firm earned $0.51 earnings per share. On average, research analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be paid a $1.13 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a yield of 4.23%. Entergy's dividend payout ratio (DPR) is 40.76%.

Insiders Place Their Bets

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the transaction, the executive vice president now owns 9,911 shares of the company's stock, valued at $1,019,247.24. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the transaction, the executive vice president now owns 16,037 shares of the company's stock, valued at $1,609,312.95. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Marcus V. Brown sold 8,500 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares of the company's stock, valued at approximately $1,019,247.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,000 shares of company stock valued at $1,226,685. Insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Entergy from $108.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Monday, April 15th. BMO Capital Markets upped their target price on shares of Entergy from $110.00 to $113.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. Royal Bank of Canada reiterated an "outperform" rating and set a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. Finally, KeyCorp increased their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $110.00.

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.