Prospera Financial Services Inc Makes New Investment in Entergy Co. (NYSE:ETR)

Prospera Financial Services Inc bought a new position in shares of Entergy Co. (NYSE:ETR – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,123 shares of the utilities provider’s stock, valued at approximately $239,000.

Several other institutional investors also recently made changes to their positions in the stock. YHB Investment Advisors Inc. purchased a new stake in shares of Entergy in the 4th quarter worth about $206,000. State of Michigan Retirement System boosted its position in shares of Entergy by 0.4% in the 4th quarter. State of Michigan Retirement System now owns 55,302 shares of the utilities provider’s stock worth $6,221,000 after buying an additional 200 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Entergy in the 4th quarter worth about $43,000. Victory Capital Management Inc. boosted its position in shares of Entergy by 7.8% in the 3rd quarter. Victory Capital Management Inc. now owns 524,757 shares of the utilities provider’s stock worth $52,806,000 after buying an additional 37,958 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Entergy by 10.1% in the 3rd quarter. CIBC Asset Management Inc now owns 27,053 shares of the utilities provider’s stock worth $2,722,000 after buying an additional 2,479 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Up 0.8 %

Shares of NYSE:ETR opened at $107.14 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 1.87. Entergy Co. has a 52-week low of $94.94 and a 52-week high of $122.46. The company has a 50 day moving average of $106.52 and a two-hundred day moving average of $108.77. The company has a market capitalization of $22.65 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 5.63 and a beta of 0.65.

Entergy (NYSE:ETR – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Entergy had a net margin of 8.17% and a return on equity of 10.34%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm earned $1.32 earnings per share. As a group, analysts forecast that Entergy Co. will post 6.69 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 4th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Wednesday, May 3rd. Entergy’s dividend payout ratio is currently 77.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Entergy from a “hold” rating to a “sell” rating in a research report on Thursday. Citigroup cut their target price on shares of Entergy from $131.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, April 12th. LADENBURG THALM/SH SH started coverage on shares of Entergy in a research note on Monday, April 3rd. They issued a “buy” rating and a $116.00 target price for the company. Guggenheim cut their target price on shares of Entergy from $128.00 to $124.00 in a research note on Monday, April 24th. Finally, Morgan Stanley boosted their target price on shares of Entergy from $97.00 to $106.00 and gave the company an “underweight” rating in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Entergy presently has an average rating of “Hold” and an average price target of $122.35.

Insider Activity at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 300 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $103.96, for a total value of $31,188.00. Following the sale, the insider now directly owns 3,269 shares in the company, valued at $339,845.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Entergy news, insider Deanna D. Rodriguez sold 300 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $103.96, for a total value of $31,188.00. Following the sale, the insider now directly owns 3,269 shares in the company, valued at $339,845.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marcus V. Brown sold 12,500 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $106.10, for a total transaction of $1,326,250.00. Following the completion of the sale, the executive vice president now owns 9,129 shares in the company, valued at $968,586.90. The disclosure for this sale can be found here. Insiders have sold a total of 17,092 shares of company stock worth $1,821,838 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

Entergy Profile

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Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.