Entergy Corporation (NYSE:ETR) Shares Purchased by Chicago Capital LLC

Chicago Capital LLC raised its stake in shares of Entergy Corporation (NYSE:ETR) by 129.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,718 shares of the utilities provider’s stock after buying an additional 3,229 shares during the quarter. Chicago Capital LLC’s holdings in Entergy were worth $434,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Sequent Asset Management LLC grew its position in shares of Entergy by 100.0% in the fourth quarter. Sequent Asset Management LLC now owns 17,444 shares of the utilities provider’s stock valued at $1,323,000 after purchasing an additional 8,722 shares during the period. Stock Yards Bank & Trust Co. boosted its stake in Entergy by 100.0% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 5,776 shares of the utilities provider’s stock worth $438,000 after buying an additional 2,888 shares during the last quarter. CENTRAL TRUST Co grew its holdings in Entergy by 99.9% in the 4th quarter. CENTRAL TRUST Co now owns 5,238 shares of the utilities provider’s stock valued at $397,000 after buying an additional 2,618 shares during the period. Greenleaf Trust increased its stake in shares of Entergy by 110.1% during the 4th quarter. Greenleaf Trust now owns 9,992 shares of the utilities provider’s stock valued at $758,000 after acquiring an additional 5,236 shares during the last quarter. Finally, Avantra Family Wealth Inc. purchased a new position in shares of Entergy during the 4th quarter worth about $290,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $69.00 to $77.00 in a research note on Monday, November 4th. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target for the company in a research note on Thursday, January 30th. Wells Fargo & Company lifted their price objective on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Scotiabank dropped their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Finally, Mizuho raised their price target on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a report on Monday, November 4th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Entergy Trading Up 1.2 %

Shares of ETR stock opened at $82.04 on Tuesday. Entergy Corporation has a 12 month low of $48.08 and a 12 month high of $84.26. The company has a market cap of $35.18 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The business’s 50 day moving average is $77.23 and its two-hundred day moving average is $68.90.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.93%. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Insiders Place Their Bets

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the sale, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total transaction of $616,090.02. Following the transaction, the insider now owns 4,032 shares of the company’s stock, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,756 shares of company stock valued at $1,095,637 in the last quarter. Insiders own 0.54% of the company’s stock.

Entergy 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.