Blue Trust Inc. Boosts Holdings in Entergy Corporation (NYSE:ETR)

Blue Trust Inc. lifted its position in Entergy Corporation (NYSE:ETR) by 44.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,448 shares of the utilities provider’s stock after acquiring an additional 752 shares during the period. Blue Trust Inc.’s holdings in Entergy were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in Entergy in the 3rd quarter worth approximately $27,000. Cetera Trust Company N.A acquired a new stake in Entergy during the third quarter worth $29,000. Fortitude Family Office LLC raised its holdings in Entergy by 423.8% in the 3rd 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 period. IFS Advisors LLC purchased a new stake in shares of Entergy in the 4th quarter valued at approximately $30,000. Finally, Ulland Investment Advisors LLC lifted its stake in 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 purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Down 0.5 %

ETR stock opened at $81.66 on Wednesday. The company’s 50 day moving average is $77.34 and its two-hundred day moving average is $69.08. Entergy Corporation has a twelve month low of $48.08 and a twelve month high of $84.26. 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 stock has a market cap of $35.02 billion, a P/E ratio of 19.89, a PEG ratio of 2.50 and a beta of 0.72.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.94%. Entergy’s dividend payout ratio is presently 58.47%.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company’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 completion of the sale, the insider now owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 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 disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ETR shares. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Mizuho boosted their price target on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research note on Thursday, January 30th. UBS Group boosted their target price on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

About Entergy

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.