Oakworth Capital Inc. Purchases 729 Shares of Entergy Corporation (NYSE:ETR)

Oakworth Capital Inc. grew its position in shares of Entergy Corporation (NYSE:ETR) by 103.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,434 shares of the utilities provider’s stock after acquiring an additional 729 shares during the quarter. Oakworth Capital Inc.’s holdings in Entergy were worth $109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of Entergy during the 3rd quarter valued at about $27,000. Cetera Trust Company N.A bought a new position in Entergy during the third quarter valued at approximately $29,000. Fortitude Family Office LLC raised its stake in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 178 shares in the last quarter. IFS Advisors LLC purchased a new position in shares of Entergy during the fourth quarter worth approximately $30,000. Finally, Ulland Investment Advisors LLC lifted its holdings in shares of Entergy by 100.0% in 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 during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was 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 directly owns 4,032 shares in the company, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Entergy Price Performance

ETR opened at $82.81 on Friday. The stock’s 50 day moving average price is $77.50 and its 200-day moving average price is $69.36. Entergy Corporation has a 52-week low of $48.08 and a 52-week high of $84.26. The stock has a market capitalization of $35.51 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.90%. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ETR shares. Barclays increased their target price on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $58.00 to $75.00 in a research note on Monday, November 4th. Scotiabank lowered their target price 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. BMO Capital Markets reduced their price target on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Finally, LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Five investment 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. According to MarketBeat, the stock currently 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.