Entergy Corporation (NYSE:ETR) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its stake in Entergy Corporation (NYSE:ETR) by 232.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,162 shares of the utilities provider’s stock after purchasing an additional 5,008 shares during the period. Summit Trail Advisors LLC’s holdings in Entergy were worth $543,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. International Private Wealth Advisors LLC grew its position in Entergy by 94.3% in the 4th quarter. International Private Wealth Advisors LLC now owns 6,073 shares of the utilities provider’s stock valued at $460,000 after buying an additional 2,948 shares during the last quarter. Equitable Trust Co. lifted its stake in shares of Entergy by 99.4% in the 4th quarter. Equitable Trust Co. now owns 78,334 shares of the utilities provider’s stock worth $5,939,000 after acquiring an additional 39,055 shares during the period. Soltis Investment Advisors LLC boosted its holdings in shares of Entergy by 51.1% in the fourth quarter. Soltis Investment Advisors LLC now owns 95,995 shares of the utilities provider’s stock valued at $7,278,000 after acquiring an additional 32,481 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in shares of Entergy by 97.9% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 1,182,168 shares of the utilities provider’s stock worth $89,632,000 after acquiring an additional 584,780 shares during the period. Finally, Savant Capital LLC increased its stake in shares of Entergy by 97.7% during the fourth quarter. Savant Capital LLC now owns 37,071 shares of the utilities provider’s stock worth $2,811,000 after acquiring an additional 18,321 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction dated 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 owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $58.00 to $75.00 in a report on Monday, November 4th. Scotiabank reduced their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a report on Thursday, January 30th. BMO Capital Markets reduced their target price on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a report on Monday, November 18th. Finally, UBS Group boosted their target price 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. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Entergy Stock Performance

NYSE:ETR opened at $82.02 on Wednesday. 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 company has a market capitalization of $35.17 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. The firm has a 50-day moving average price of $77.78 and a two-hundred day moving average price of $70.03. Entergy Corporation has a twelve month low of $48.08 and a twelve month high of $84.26.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.93%. Entergy’s dividend payout ratio (DPR) is 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.