Rothschild Investment LLC Purchases 366 Shares of Entergy Corporation (NYSE:ETR)

Rothschild Investment LLC grew its position in Entergy Corporation (NYSE:ETR) by 109.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 699 shares of the utilities provider’s stock after acquiring an additional 366 shares during the period. Rothschild Investment LLC’s holdings in Entergy were worth $53,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Crestwood Advisors Group LLC lifted its stake in shares of Entergy by 128.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 6,659 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 3,741 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Entergy by 189.4% in the 4th quarter. IFP Advisors Inc now owns 4,784 shares of the utilities provider’s stock valued at $366,000 after acquiring an additional 3,131 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Entergy in the 4th quarter valued at $1,591,000. Summit Asset Management LLC lifted its stake in shares of Entergy by 100.0% in the 4th quarter. Summit Asset Management LLC now owns 3,500 shares of the utilities provider’s stock valued at $265,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Leeward Investments LLC MA lifted its stake in shares of Entergy by 91.9% in the 4th quarter. Leeward Investments LLC MA now owns 221,688 shares of the utilities provider’s stock valued at $16,808,000 after acquiring an additional 106,181 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’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 transaction, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ETR. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research report on Thursday, January 30th. BMO Capital Markets raised their target price on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Evercore ISI raised their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $58.00 to $75.00 in a research report on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.14.

Entergy Stock Performance

Shares of Entergy stock opened at $86.09 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The business has a 50-day moving average price of $80.13 and a two-hundred day moving average price of $72.15. Entergy Corporation has a 1-year low of $49.80 and a 1-year high of $88.38. The company has a market cap of $37.05 billion, a P/E ratio of 35.36, a PEG ratio of 2.34 and a beta of 0.72.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the business posted $0.26 EPS. As a group, analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be paid a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.79%. Entergy’s dividend payout ratio is presently 98.77%.

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.