Plimoth Trust Co. LLC Boosts Stock Position in Entergy Corporation (NYSE:ETR)

Plimoth Trust Co. LLC lifted its position in Entergy Corporation (NYSE:ETR) by 95.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,090 shares of the utilities provider’s stock after buying an additional 5,405 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Entergy were worth $841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Entergy during the 3rd quarter worth $27,000. Cetera Trust Company N.A acquired a new position in Entergy during the 3rd quarter worth $29,000. Fortitude Family Office LLC grew its stake in Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares in the last quarter. IFS Advisors LLC acquired a new position in Entergy during the 4th quarter worth $30,000. Finally, Ulland Investment Advisors LLC boosted its position in shares of Entergy by 100.0% during the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eliecer Viamontes sold 400 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total value of $29,400.00. Following the sale, the insider now owns 8,346 shares in the company, valued at $613,431. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,756 shares of company stock worth $1,095,637. 0.39% of the stock is owned by insiders.

Entergy Stock Performance

Shares of ETR stock opened at $81.20 on Friday. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.54 and a beta of 0.71. The stock has a 50 day simple moving average of $77.01 and a 200-day simple moving average of $68.42. Entergy Corporation has a 12-month low of $48.08 and a 12-month high of $84.26. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter in the prior year, the firm posted $1.64 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.59 EPS for the current year.

Wall Street Analyst Weigh In

ETR has been the subject of several analyst reports. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $58.00 to $75.00 in a research report on Monday, November 4th. Mizuho upped their price objective on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. UBS Group upped their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. Finally, Scotiabank lowered their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.