Plimoth Trust Co. LLC Increases Holdings in Entergy Corporation (NYSE:ETR)

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

Other institutional investors have also recently modified their holdings of the company. Field & Main Bank raised its position in Entergy by 100.0% during the fourth quarter. Field & Main Bank now owns 500 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 250 shares in the last quarter. Forsta AP Fonden grew its holdings in Entergy by 95.0% in the fourth quarter. Forsta AP Fonden now owns 175,500 shares of the utilities provider’s stock valued at $13,306,000 after purchasing an additional 85,500 shares during the period. Patton Fund Management Inc. acquired a new stake in Entergy in the fourth quarter valued at approximately $6,484,000. Smith Group Asset Management LLC acquired a new stake in Entergy in the fourth quarter valued at approximately $455,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Entergy by 8.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 49,930 shares of the utilities provider’s stock valued at $3,786,000 after purchasing an additional 4,029 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of Entergy 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 sale, the insider now owns 4,032 shares in the company, valued at $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction on 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 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. Insiders have sold 14,756 shares of company stock worth $1,095,637 over the last quarter. 0.39% of the stock is currently owned by company insiders.

Entergy Stock Performance

Shares of Entergy stock opened at $81.20 on Friday. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.54 and a beta of 0.71. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The business’s 50 day moving average price is $77.01 and its 200 day moving average price is $68.42.

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

Analyst Upgrades and Downgrades

Several analysts have commented on ETR shares. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a report on Thursday. 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 report on Monday, November 4th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada lifted their price target on Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Five 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

About Entergy

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.