New Age Alpha Advisors LLC Acquires 451 Shares of Entergy Corporation (NYSE:ETR)

New Age Alpha Advisors LLC grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 168.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 719 shares of the utilities provider’s stock after acquiring an additional 451 shares during the period. New Age Alpha Advisors LLC’s holdings in Entergy were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Choreo LLC lifted its stake in shares of Entergy by 12.3% during the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider’s stock valued at $816,000 after buying an additional 1,042 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Entergy during the 1st quarter valued at $1,073,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Entergy by 25.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider’s stock valued at $6,708,000 after buying an additional 15,892 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Entergy by 85.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,178 shares of the utilities provider’s stock valued at $317,000 after buying an additional 1,931 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new position in shares of Entergy during the 1st quarter valued at $216,000. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of NYSE:ETR opened at $90.11 on Tuesday. The company has a market capitalization of $40.22 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.46 and a beta of 0.57. Entergy Corporation has a 12 month low of $58.17 and a 12 month high of $92.40. The firm’s 50-day moving average is $84.50 and its 200 day moving average is $83.56. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.91 by $0.14. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period in the prior year, the firm posted $1.92 EPS. Research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Entergy’s dividend payout ratio is presently 59.85%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Entergy from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. BMO Capital Markets lifted their target price on shares of Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $100.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Raymond James Financial assumed coverage on shares of Entergy in a research note on Friday, June 13th. They issued a “market perform” rating on the stock. Finally, KeyCorp reiterated an “overweight” rating and issued a $96.00 price target (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.07.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 4,463 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

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.