Entergy Corporation (NYSE:ETR) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its position in shares of Entergy Corporation (NYSE:ETR) by 114.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,951 shares of the utilities provider’s stock after acquiring an additional 12,254 shares during the quarter. Bleakley Financial Group LLC’s holdings in Entergy were worth $1,740,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Entergy in the 3rd quarter valued at $27,000. Cetera Trust Company N.A purchased a new position in Entergy during the 3rd quarter worth $29,000. Fortitude Family Office LLC increased its stake in Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 178 shares during the period. IFS Advisors LLC purchased a new stake in shares of Entergy in the fourth quarter valued at about $30,000. Finally, Ulland Investment Advisors LLC grew its holdings in shares of Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions 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 value of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total value of $616,090.02. Following the transaction, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. This represents a 67.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Entergy Price Performance

Entergy stock opened at $82.37 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The company has a market cap of $35.32 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.50 and a beta of 0.72. Entergy Corporation has a 1 year low of $48.08 and a 1 year high of $84.26. The firm has a 50 day moving average price of $77.59 and a 200 day moving average price of $69.46.

Entergy Announces Dividend

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

Analysts Set New Price Targets

ETR has been the subject of several analyst reports. Royal Bank of Canada upped their price objective on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Mizuho increased their price target on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a report on Monday, November 4th. Barclays lifted their price objective on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. BMO Capital Markets reduced their target price on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. Finally, Guggenheim boosted their price target on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $79.81.

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.