J.W. Cole Advisors Inc. Has $2.99 Million Position in Entergy Corporation $ETR

J.W. Cole Advisors Inc. increased its position in shares of Entergy Corporation (NYSE:ETR) by 143.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,034 shares of the utilities provider’s stock after buying an additional 18,868 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Entergy were worth $2,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Entergy during the second quarter valued at approximately $468,628,000. Boston Partners raised its stake in shares of Entergy by 114.9% in the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock valued at $578,531,000 after buying an additional 3,710,814 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Entergy by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock valued at $4,692,928,000 after buying an additional 1,630,674 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in shares of Entergy during the 3rd quarter worth about $135,396,000. Finally, State Street Corp boosted its position in shares of Entergy by 4.5% during the 2nd quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock valued at $1,905,184,000 after acquiring an additional 981,750 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Down 0.0%

Shares of ETR opened at $96.80 on Friday. The stock has a fifty day moving average price of $93.99 and a two-hundred day moving average price of $92.83. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $98.58. The company has a market cap of $43.23 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.16 and a beta of 0.65.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a yield of 2.6%. Entergy’s dividend payout ratio is currently 63.21%.

Insiders Place Their Bets

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the transaction, the director owned 1,050 shares of the company’s stock, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on ETR shares. Morgan Stanley restated an “underperform” rating on shares of Entergy in a research note on Wednesday, January 21st. KeyCorp set a $102.00 target price on Entergy and gave the stock an “overweight” rating in a research report on Friday, December 12th. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Barclays set a $96.00 price objective on Entergy and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.83.

Entergy Profile

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.