Robbins Farley Invests $80,000 in Entergy Corporation (NYSE:ETR)

Robbins Farley purchased a new stake in shares of Entergy Corporation (NYSE:ETR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,050 shares of the utilities provider’s stock, valued at approximately $80,000.

Other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of Entergy during the 3rd quarter valued at about $27,000. Cetera Trust Company N.A acquired a new position in Entergy in the third quarter valued at approximately $29,000. Fortitude Family Office LLC boosted its holdings in shares of Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after buying an additional 178 shares in the last quarter. IFS Advisors LLC acquired a new stake in shares of Entergy during the 4th quarter worth approximately $30,000. Finally, Ulland Investment Advisors LLC increased its stake in shares of Entergy by 100.0% in the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE ETR opened at $82.04 on Tuesday. The company has a fifty day moving average price of $77.23 and a 200-day moving average price of $68.90. The firm has a market cap of $35.18 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.50 and a beta of 0.72. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. Entergy Corporation has a 1 year low of $48.08 and a 1 year high of $84.26.

Entergy Announces Dividend

The company 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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is 58.47%.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 8,268 shares of the firm’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 completion of the sale, the insider now directly owns 4,032 shares of the company’s stock, valued at $300,444.48. This trade represents a 67.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eliecer Viamontes sold 400 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total transaction of $29,400.00. Following the completion of the transaction, the insider now directly owns 8,346 shares in the company, valued at $613,431. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,756 shares of company stock worth $1,095,637. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ETR. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Barclays boosted their target price on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Wells Fargo & Company raised 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. Guggenheim upped 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. Finally, BMO Capital Markets reduced their price target on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research report on Monday, November 18th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus 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.