Inman Jager Wealth Management LLC Buys Shares of 15,123 Entergy Corporation (NYSE:ETR)

Inman Jager Wealth Management LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,123 shares of the utilities provider’s stock, valued at approximately $1,147,000.

Several other large investors have also modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of 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 purchasing an additional 1,981,611 shares during the period. Jennison Associates LLC raised its stake in Entergy by 139.5% in the fourth quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock worth $183,754,000 after buying an additional 1,411,473 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Entergy by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after buying an additional 1,354,355 shares in the last quarter. Confluence Investment Management LLC raised its stake in Entergy by 96.0% in the fourth quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock worth $121,863,000 after buying an additional 787,367 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake 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 worth $52,155,000 after buying an additional 644,622 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

NYSE:ETR opened at $82.53 on Thursday. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The firm has a market cap of $35.39 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.50 and a beta of 0.72. The firm’s fifty day moving average is $77.42 and its two-hundred day moving average is $69.27.

Entergy Announces Dividend

The company also recently announced 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. This represents a $2.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is currently 58.47%.

Analysts Set New Price Targets

A number of equities analysts recently commented on ETR shares. Guggenheim boosted their price objective on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group upped their price target on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Scotiabank reduced their price target 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. Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. Finally, StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.81.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the completion of the sale, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. This represents a 67.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction dated Friday, December 13th. The shares were 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 of the company’s stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.