Entergy Corporation $ETR Stock Position Boosted by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. boosted its position in Entergy Corporation (NYSE:ETR) by 15.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,288,367 shares of the utilities provider’s stock after purchasing an additional 310,589 shares during the quarter. Entergy makes up approximately 3.8% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 8th largest holding. Reaves W H & Co. Inc. owned about 0.51% of Entergy worth $213,253,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System raised its stake in shares of Entergy by 5.4% in the third quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock worth $40,408,000 after purchasing an additional 22,148 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock worth $17,211,000 after buying an additional 7,000 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Entergy by 13.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after buying an additional 7,212 shares during the period. World Investment Advisors raised its position in Entergy by 269.9% during the 3rd quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock worth $2,086,000 after buying an additional 16,332 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Entergy by 124.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after acquiring an additional 13,841 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ETR. Bank of America upped their price objective on shares of Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Siebert Williams Shank assumed coverage on Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective for the company. Finally, UBS Group reaffirmed a “buy” rating and set a $105.00 target price (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.83.

Entergy Stock Performance

NYSE ETR opened at $98.23 on Tuesday. The stock has a market capitalization of $43.87 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.18 and a beta of 0.65. The stock has a 50-day moving average of $94.08 and a 200 day moving average of $93.04. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $98.58.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be given a dividend of $0.64 per share. The ex-dividend date is Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.6%. Entergy’s dividend payout ratio (DPR) is 63.21%.

Insider Transactions at Entergy

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average price of $96.69 per share, with a total value of $96,690.00. Following the acquisition, the director owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.