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

Oakworth Capital Inc. boosted its stake in Entergy Corporation (NYSE:ETR) by 103.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,434 shares of the utilities provider’s stock after acquiring an additional 729 shares during the period. Oakworth Capital Inc.’s holdings in Entergy were worth $109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Entergy in the 3rd quarter valued at $27,000. Fortitude Family Office LLC lifted its holdings in Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after buying an additional 178 shares during the period. Cetera Trust Company N.A bought a new stake in Entergy during the third quarter valued at $29,000. Coastline Trust Co acquired a new stake in Entergy during the 3rd quarter worth about $31,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Entergy in the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the transaction, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 4,032 shares in the company, valued at $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets cut their target price on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Barclays increased their price target on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company lifted their price objective on shares of Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and raised their price target for the company from $69.00 to $77.00 in a research report on Monday, November 4th. Finally, Mizuho lifted their price target on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a report on Monday, November 4th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.81.

Entergy Stock Performance

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

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Monday, February 10th. Entergy’s payout ratio is 58.47%.

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.