Entergy Corporation (NYSE:ETR) Shares Bought by Greenleaf Trust

Greenleaf Trust grew its holdings in Entergy Corporation (NYSE:ETR) by 110.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,992 shares of the utilities provider’s stock after buying an additional 5,236 shares during the quarter. Greenleaf Trust’s holdings in Entergy were worth $758,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ETR. Czech National Bank boosted its holdings in Entergy by 7.0% in the third quarter. Czech National Bank now owns 43,555 shares of the utilities provider’s stock valued at $5,732,000 after purchasing an additional 2,864 shares during the period. GAMMA Investing LLC raised its position in Entergy by 20.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,113 shares of the utilities provider’s stock valued at $805,000 after purchasing an additional 1,049 shares in the last quarter. A. D. Beadell Investment Counsel Inc. purchased a new position in shares of Entergy in the 3rd quarter valued at about $1,539,000. Bank & Trust Co grew its position in shares of Entergy by 12.8% during the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after buying an additional 90 shares in the last quarter. Finally, Clarius Group LLC purchased a new stake in shares of Entergy during the third quarter worth approximately $213,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ETR shares. Barclays lifted their price target on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $58.00 to $75.00 in a report on Monday, November 4th. Finally, Guggenheim raised their target price on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $79.81.

Insider Buying and Selling

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’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 transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Entergy Stock Down 0.5 %

Shares of NYSE:ETR opened at $81.66 on Wednesday. Entergy Corporation has a 1-year low of $48.08 and a 1-year high of $84.26. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The stock has a market cap of $35.02 billion, a P/E ratio of 19.89, a P/E/G ratio of 2.50 and a beta of 0.72. The firm has a fifty day moving average price of $77.34 and a 200 day moving average price of $69.08.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio is currently 58.47%.

About Entergy

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.