Tectonic Advisors LLC Acquires 2,823 Shares of Entergy Corporation (NYSE:ETR)

Tectonic Advisors LLC raised its stake in shares of Entergy Corporation (NYSE:ETR) by 58.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,669 shares of the utilities provider’s stock after acquiring an additional 2,823 shares during the quarter. Tectonic Advisors LLC’s holdings in Entergy were worth $581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ETR. OneDigital Investment Advisors LLC grew its position in shares of Entergy by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after buying an additional 69 shares during the last quarter. Acropolis Investment Management LLC grew its holdings in Entergy by 0.8% in the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after purchasing an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Entergy by 0.9% during the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after purchasing an additional 74 shares in the last quarter. Bank & Trust Co lifted its holdings in shares of Entergy by 12.8% during 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 during the last quarter. Finally, Prossimo Advisors LLC boosted its position in shares of Entergy by 1.5% in the 3rd quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after purchasing an additional 90 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on ETR shares. Morgan Stanley raised shares of 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 research report on Monday, November 4th. Barclays lifted their price objective 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. Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and upped their target price for the company from $69.00 to $77.00 in a research report on Monday, November 4th. Royal Bank of Canada lifted their price target on Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company increased their price objective on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Five 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.81.

Entergy Trading Up 1.1 %

Entergy stock opened at $82.53 on Thursday. The firm has a market cap of $35.39 billion, a PE ratio of 20.10, a P/E/G ratio of 2.50 and a beta of 0.72. Entergy Corporation has a 12 month low of $48.08 and a 12 month high of $84.26. The stock’s 50 day simple moving average is $77.42 and its two-hundred day simple moving average is $69.27. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.60 per share. The ex-dividend date 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%.

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.