SteelPeak Wealth LLC Purchases 1,564 Shares of Entergy Corporation (NYSE:ETR)

SteelPeak Wealth LLC increased its position in Entergy Corporation (NYSE:ETR) by 94.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,228 shares of the utilities provider’s stock after acquiring an additional 1,564 shares during the quarter. SteelPeak Wealth LLC’s holdings in Entergy were worth $245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ETR. OneDigital Investment Advisors LLC grew its stake in shares of Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 69 shares in the last quarter. Acropolis Investment Management LLC grew its position in Entergy by 0.8% in the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock valued at $1,163,000 after purchasing an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in Entergy by 0.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock valued at $1,065,000 after buying an additional 74 shares during the last quarter. Bank & Trust Co lifted its position in 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 buying an additional 90 shares in the last quarter. Finally, Prossimo Advisors LLC boosted its stake in shares of Entergy by 1.5% during the 3rd quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eliecer Viamontes sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total transaction of $29,400.00. Following the transaction, the insider now owns 8,346 shares of the company’s stock, valued at approximately $613,431. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,756 shares of company stock worth $1,095,637. Company insiders own 0.39% of the company’s stock.

Entergy Trading Down 0.0 %

Shares of Entergy stock opened at $81.17 on Friday. Entergy Corporation has a 52-week low of $48.08 and a 52-week high of $84.26. The stock has a market cap of $34.81 billion, a PE ratio of 19.77, a PEG ratio of 2.44 and a beta of 0.71. The firm has a 50-day moving average of $77.11 and a 200-day moving average of $68.51. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.46 by $0.04. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period last year, the firm earned $1.64 earnings per share. As a group, sell-side analysts forecast that Entergy Corporation will post 3.59 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.96%. Entergy’s dividend payout ratio (DPR) is currently 58.47%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ETR. Scotiabank lowered 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. BMO Capital Markets dropped their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research note on Monday, November 18th. Barclays raised their target price on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Mizuho upped their price target on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and increased their price target for the company from $69.00 to $77.00 in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.81.

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.