Chicago Capital LLC Purchases 3,229 Shares of Entergy Corporation (NYSE:ETR)

Chicago Capital LLC increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 129.7% during the fourth quarter, Holdings Channel reports. The fund owned 5,718 shares of the utilities provider’s stock after purchasing an additional 3,229 shares during the period. Chicago Capital LLC’s holdings in Entergy were worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Legacy Investment Solutions LLC bought a new stake in shares of Entergy during the third quarter worth $27,000. Cetera Trust Company N.A bought a new stake in Entergy during the 3rd quarter worth about $29,000. Fortitude Family Office LLC increased its position in Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 178 shares in the last quarter. IFS Advisors LLC bought a new position in shares of Entergy in the fourth quarter worth about $30,000. Finally, Ulland Investment Advisors LLC lifted its position in shares of Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays raised their price target on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada boosted their target price on Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Bank of America cut 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 report on Monday, November 4th. Guggenheim boosted their price objective on Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets reduced 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. Five equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Price Performance

Shares of ETR stock opened at $82.04 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. Entergy Corporation has a 12-month low of $48.08 and a 12-month high of $84.26. The firm has a fifty day moving average of $77.23 and a 200-day moving average of $68.90. The firm has a market capitalization of $35.18 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 dividend on an annualized basis and a yield of 2.93%. Entergy’s payout ratio is 58.47%.

Insider Transactions at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the 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 owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction dated 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 owns 4,032 shares in the company, valued at approximately $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,756 shares of company stock valued at $1,095,637 over the last 90 days. 0.54% of the stock is owned by company insiders.

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.