J.W. Cole Advisors Inc. Purchases 18,868 Shares of Entergy Corporation $ETR

J.W. Cole Advisors Inc. lifted its position in shares of Entergy Corporation (NYSE:ETR) by 143.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,034 shares of the utilities provider’s stock after acquiring 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 reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital A Wealth Management LLC raised its holdings in Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares during the last quarter. GoalVest Advisory LLC grew its position in shares of Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Entergy during the second quarter worth approximately $30,000. Physician Wealth Advisors Inc. lifted its holdings in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after buying an additional 194 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average cost of $96.69 per share, with a total value of $96,690.00. Following the purchase, the director owned 1,050 shares in the company, valued at $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.39% of the company’s stock.

Entergy Stock Performance

ETR stock opened at $96.80 on Friday. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $98.58. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm has a market cap of $43.23 billion, a PE ratio of 23.90, a P/E/G ratio of 2.16 and a beta of 0.65. The business’s 50-day moving average price is $93.99 and its two-hundred day moving average price is $92.83.

Entergy Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on ETR shares. Mizuho lifted their target price on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. BTIG Research raised Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, Morgan Stanley restated an “underperform” rating on shares of Entergy in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.