Entergy Corporation (NYSE:ETR) Shares Bought by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC raised its holdings in Entergy Corporation (NYSE:ETR) by 247.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,821 shares of the utilities provider’s stock after purchasing an additional 2,010 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Entergy were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Czech National Bank raised its position in Entergy by 7.0% during the third quarter. Czech National Bank now owns 43,555 shares of the utilities provider’s stock worth $5,732,000 after acquiring an additional 2,864 shares during the period. A. D. Beadell Investment Counsel Inc. acquired a new position in shares of Entergy during the 3rd quarter worth about $1,539,000. Bank & Trust Co raised its position in shares of Entergy by 12.8% during the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 90 shares during the last quarter. Clarius Group LLC acquired a new position in shares of Entergy during the third quarter valued at approximately $213,000. Finally, LVW Advisors LLC lifted its holdings in Entergy by 23.7% in the 3rd quarter. LVW Advisors LLC now owns 3,244 shares of the utilities provider’s stock valued at $427,000 after purchasing an additional 622 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of Entergy stock opened at $82.81 on Friday. 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 stock has a market capitalization of $35.51 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The business has a 50-day moving average of $77.50 and a 200 day moving average of $69.36. Entergy Corporation has a 12 month low of $48.08 and a 12 month high of $84.26.

Entergy Dividend Announcement

The firm also recently declared 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 dividend yield of 2.90%. Entergy’s dividend payout ratio (DPR) is 58.47%.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 8,268 shares of the business’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 transaction, the insider now directly owns 4,032 shares of the company’s stock, valued at $300,444.48. The trade was a 67.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. This represents 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.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets reduced their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Royal Bank of Canada upped their target price on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Guggenheim raised their target price on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, UBS Group boosted their target price on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Five investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

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.