Entergy Corporation (NYSE:ETR) Shares Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC boosted its stake in Entergy Corporation (NYSE:ETR) by 96.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 225,223 shares of the utilities provider’s stock after acquiring an additional 110,488 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Entergy were worth $17,076,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Banque Pictet & Cie SA acquired a new stake in Entergy in the 4th quarter valued at $1,009,000. V Square Quantitative Management LLC grew its position in Entergy by 66.0% in the 4th quarter. V Square Quantitative Management LLC now owns 4,646 shares of the utilities provider’s stock valued at $352,000 after acquiring an additional 1,847 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Entergy by 109.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 177,453 shares of the utilities provider’s stock worth $13,444,000 after buying an additional 92,925 shares in the last quarter. Hudock Inc. grew its position in shares of Entergy by 100.2% during the fourth quarter. Hudock Inc. now owns 7,945 shares of the utilities provider’s stock worth $602,000 after buying an additional 3,977 shares in the last quarter. Finally, Hemington Wealth Management lifted its stake in Entergy by 125.0% during the fourth quarter. Hemington Wealth Management now owns 468 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction 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 transaction, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of several recent analyst reports. Guggenheim boosted 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. UBS Group boosted their price objective on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Scotiabank reduced their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Finally, LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.81.

Entergy Price Performance

Entergy stock opened at $82.64 on Friday. Entergy Corporation has a 12 month low of $48.93 and a 12 month high of $84.46. 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 business has a 50 day simple moving average of $78.32 and a 200-day simple moving average of $70.56. The stock has a market capitalization of $35.44 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72.

Entergy Dividend Announcement

The business also recently declared 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 2.90%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

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.