Entergy Corporation (NYSE:ETR) Shares Bought by LCM Capital Management Inc

LCM Capital Management Inc grew its position in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,148 shares of the utilities provider’s stock after buying an additional 2,074 shares during the quarter. LCM Capital Management Inc’s holdings in Entergy were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 8,268 shares of the business’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 completion of the transaction, the insider now directly owns 4,032 shares in the company, valued at $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ETR. Scotiabank cut their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada increased their price objective on shares of Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. UBS Group lifted their price objective on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Barclays increased their target price on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Price Performance

Shares of NYSE ETR opened at $82.53 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The stock has a market cap of $35.39 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.50 and a beta of 0.72. The stock has a 50 day moving average of $77.42 and a two-hundred day moving average of $69.27. Entergy Corporation has a twelve month low of $48.08 and a twelve month high of $84.26.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is currently 58.47%.

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.