Entergy Corporation (NYSE:ETR) Shares Purchased by Greenleaf Trust

Greenleaf Trust raised its stake in Entergy Corporation (NYSE:ETR) by 110.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,992 shares of the utilities provider’s stock after acquiring an additional 5,236 shares during the quarter. Greenleaf Trust’s holdings in Entergy were worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. increased its holdings in Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after buying an additional 1,981,611 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after purchasing an additional 1,354,355 shares in the last quarter. Confluence Investment Management LLC raised its holdings in Entergy by 96.0% in the 4th quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock worth $121,863,000 after purchasing an additional 787,367 shares during the period. Assenagon Asset Management S.A. grew its holdings in Entergy by 1,490.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 687,874 shares of the utilities provider’s stock valued at $52,155,000 after purchasing an additional 644,622 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Entergy by 16,409.2% during the 3rd quarter. International Assets Investment Management LLC now owns 466,716 shares of the utilities provider’s stock worth $61,424,000 after buying an additional 463,889 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Scotiabank decreased their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Mizuho increased their price objective on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a research note on Thursday, January 30th. Finally, Barclays increased their target price 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. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.81.

Entergy Stock Down 0.5 %

Shares of NYSE ETR opened at $81.66 on Wednesday. The company has a market capitalization of $35.02 billion, a P/E ratio of 19.89, a P/E/G 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. The company has a 50 day simple moving average of $77.34 and a 200-day simple moving average of $69.08. Entergy Corporation has a 1 year low of $48.08 and a 1 year high of $84.26.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid 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 2.94%. Entergy’s dividend payout ratio (DPR) is 58.47%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the company’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 transaction, the insider now directly owns 4,032 shares in the company, valued at $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction 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 of the company’s stock, valued at $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. Company insiders own 0.54% of the company’s stock.

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.