Soltis Investment Advisors LLC Increases Position in Entergy Corporation (NYSE:ETR)

Soltis Investment Advisors LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 51.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,995 shares of the utilities provider’s stock after purchasing an additional 32,481 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Entergy were worth $7,278,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ETR. Legacy Investment Solutions LLC purchased a new position in shares of Entergy during the 3rd quarter valued at approximately $27,000. Cetera Trust Company N.A purchased a new position in Entergy during the third quarter valued at $29,000. Fortitude Family Office LLC grew its position in shares of 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 purchasing an additional 178 shares during the period. IFS Advisors LLC purchased a new stake in shares of Entergy during the fourth quarter worth about $30,000. Finally, Ulland Investment Advisors LLC raised 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 purchasing an additional 200 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on ETR. Wells Fargo & Company lifted their price objective on Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Guggenheim boosted their price target on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research report on Friday, November 1st. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. BMO Capital Markets lowered their target price on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research note on Monday, November 18th. Finally, Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and increased their target price for the company from $69.00 to $77.00 in a research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Trading Down 0.5 %

ETR opened at $82.37 on Monday. The business has a fifty day moving average price of $77.68 and a 200 day moving average price of $69.74. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. Entergy Corporation has a 12 month low of $48.08 and a 12 month high of $84.26. The stock has a market capitalization of $35.32 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.53 and a beta of 0.72.

Entergy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.91%. Entergy’s payout ratio is 58.47%.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were 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 of the company’s stock, valued at $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated 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 directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

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.