Entergy Corporation (NYSE:ETR) Shares Acquired by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. lifted its stake in Entergy Corporation (NYSE:ETR) by 90.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,486 shares of the utilities provider’s stock after acquiring an additional 1,655 shares during the period. YHB Investment Advisors Inc.’s holdings in Entergy were worth $264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of Entergy during the third quarter worth about $27,000. Cetera Trust Company N.A acquired a new position in Entergy during the third quarter worth approximately $29,000. Fortitude Family Office LLC lifted 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 buying an additional 178 shares during the last quarter. IFS Advisors LLC acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $30,000. Finally, Ulland Investment Advisors LLC grew its position 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 acquiring an additional 200 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays upped their price target 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. Guggenheim raised their price target on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a report on Friday, November 1st. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Scotiabank lowered their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Finally, Mizuho upped their price target on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Five investment 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, the company has an average rating of “Moderate Buy” and an average target price of $79.81.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total value of $616,090.02. Following the sale, the insider now owns 4,032 shares of the company’s stock, valued at approximately $300,444.48. This represents a 67.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s 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 transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,756 shares of company stock worth $1,095,637. 0.39% of the stock is owned by corporate insiders.

Entergy Stock Up 2.5 %

ETR stock opened at $81.20 on Friday. 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’s 50-day moving average price is $77.01 and its 200 day moving average price is $68.42. Entergy Corporation has a 52 week low of $48.08 and a 52 week high of $84.26. The company has a market cap of $34.82 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.54 and a beta of 0.71.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter in the prior year, the firm posted $1.64 EPS. On average, research analysts expect that Entergy Corporation will post 3.59 earnings per share for the current fiscal year.

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.