Chicago Partners Investment Group LLC Raises Position in Entergy Corporation (NYSE:ETR)

Chicago Partners Investment Group LLC lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 100.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,051 shares of the utilities provider’s stock after acquiring an additional 44,526 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Entergy were worth $6,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Austin Private Wealth LLC purchased a new position in Entergy in the fourth quarter worth approximately $223,000. Caprock Group LLC raised its holdings in shares of Entergy by 116.6% in the 4th quarter. Caprock Group LLC now owns 11,439 shares of the utilities provider’s stock valued at $867,000 after purchasing an additional 6,158 shares in the last quarter. BTC Capital Management Inc. lifted its position in shares of Entergy by 53.9% during the 4th quarter. BTC Capital Management Inc. now owns 35,329 shares of the utilities provider’s stock worth $2,679,000 after purchasing an additional 12,372 shares during the last quarter. Keudell Morrison Wealth Management grew its stake in shares of Entergy by 29.2% during the fourth quarter. Keudell Morrison Wealth Management now owns 2,944 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 666 shares in the last quarter. Finally, Kennebec Savings Bank raised its stake in Entergy by 59.3% in the fourth quarter. Kennebec Savings Bank now owns 1,134 shares of the utilities provider’s stock valued at $87,000 after buying an additional 422 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Down 0.0 %

Shares of Entergy stock opened at $81.17 on Friday. The company has a market cap of $34.81 billion, a P/E ratio of 19.77, a PEG ratio of 2.44 and a beta of 0.71. The firm has a fifty day moving average of $77.11 and a two-hundred day moving average of $68.51. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.04. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the firm earned $1.64 earnings per share. On average, analysts forecast that Entergy Corporation will post 3.59 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.96%. Entergy’s dividend payout ratio is currently 58.47%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ETR. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $69.00 to $77.00 in a report on Monday, November 4th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research note on Thursday. Wells Fargo & Company upped their price objective on shares of Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, UBS Group lifted their target price on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average price target of $79.81.

Insider Activity at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 8,268 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the completion of the transaction, the insider now directly owns 4,032 shares of the company’s stock, valued at $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 have sold a total of 14,756 shares of company stock worth $1,095,637 over the last three months. 0.39% of the stock is currently owned by corporate insiders.

Entergy Company 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.