GW Henssler & Associates Ltd. Reduces Position in Entergy Corporation (NYSE:ETR)

GW Henssler & Associates Ltd. trimmed its stake in Entergy Corporation (NYSE:ETR) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,566 shares of the utilities provider’s stock after selling 800 shares during the period. GW Henssler & Associates Ltd.’s holdings in Entergy were worth $8,307,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ETR. Legacy Investment Solutions LLC purchased a new stake in Entergy in the third quarter worth about $27,000. Cetera Trust Company N.A bought a new position in shares of Entergy during the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC increased its holdings in Entergy by 423.8% in the 3rd 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 bought a new stake in Entergy during the 4th quarter worth approximately $30,000. Finally, Ulland Investment Advisors LLC lifted its holdings in Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Price Performance

ETR stock opened at $81.17 on Monday. The company has a fifty day simple moving average of $77.23 and a two-hundred day simple moving average of $68.80. Entergy Corporation has a 52 week low of $48.08 and a 52 week high of $84.26. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $34.81 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.46 by $0.04. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter last year, the business posted $1.64 earnings per share. Analysts anticipate that Entergy Corporation will post 3.59 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.96%. Entergy’s dividend payout ratio is currently 58.47%.

Insider Activity at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the 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 sale, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of the firm’s stock in a transaction that occurred 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 directly owns 4,032 shares of the company’s stock, 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. In the last 90 days, insiders have sold 14,756 shares of company stock worth $1,095,637. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ETR shares. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $58.00 to $75.00 in a research note on Monday, November 4th. Scotiabank decreased their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. UBS Group upped their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $69.00 to $77.00 in a research note on Monday, November 4th. Finally, Barclays upped their price target on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.81.

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.