Nisa Investment Advisors LLC Grows Position in Entergy Co. (NYSE:ETR)

Nisa Investment Advisors LLC raised its holdings in shares of Entergy Co. (NYSE:ETR) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,966 shares of the utilities provider’s stock after buying an additional 4,046 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Entergy were worth $2,020,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ETR. EverSource Wealth Advisors LLC grew its holdings in shares of Entergy by 157.1% in the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 165 shares during the period. Fairfield Bush & CO. purchased a new stake in shares of Entergy in the first quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Entergy in the third quarter valued at about $32,000. Fortis Group Advisors LLC acquired a new position in Entergy in the third quarter valued at about $32,000. Finally, Harbour Investments Inc. lifted its position in Entergy by 17,550.0% in the third quarter. Harbour Investments Inc. now owns 353 shares of the utilities provider’s stock valued at $33,000 after buying an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ETR. Barclays upped their target price on shares of Entergy from $105.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, March 14th. BMO Capital Markets upped their target price on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $117.00 target price on shares of Entergy in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.89.

Insider Buying and Selling

In related news, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 16,037 shares in the company, valued at $1,609,312.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the transaction, the executive vice president now owns 9,911 shares in the company, valued at $1,019,247.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,000 shares of company stock worth $1,226,685. Company insiders own 0.39% of the company’s stock.

Entergy Stock Down 0.9 %

Shares of ETR opened at $102.91 on Friday. The stock has a market capitalization of $21.94 billion, a PE ratio of 9.28, a P/E/G ratio of 2.05 and a beta of 0.71. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $109.85. 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 company’s 50-day simple moving average is $102.15 and its 200-day simple moving average is $99.79.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. Analysts forecast that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.39%. Entergy’s payout ratio is 40.76%.

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.