22,168 Shares in Entergy Corporation (NYSE:ETR) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new position in shares of Entergy Corporation (NYSE:ETR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,168 shares of the utilities provider’s stock, valued at approximately $1,591,000.

Several other large investors have also made changes to their positions in the company. Summit Asset Management LLC boosted its position in shares of Entergy by 100.0% during the 4th quarter. Summit Asset Management LLC now owns 3,500 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 1,750 shares in the last quarter. Leeward Investments LLC MA boosted its position in shares of Entergy by 91.9% during the 4th quarter. Leeward Investments LLC MA now owns 221,688 shares of the utilities provider’s stock worth $16,808,000 after acquiring an additional 106,181 shares in the last quarter. Howard Capital Management Inc. boosted its position in shares of Entergy by 88.5% during the 4th quarter. Howard Capital Management Inc. now owns 67,124 shares of the utilities provider’s stock worth $5,089,000 after acquiring an additional 31,510 shares in the last quarter. Wealthspire Advisors LLC boosted its position in shares of Entergy by 103.2% during the 4th quarter. Wealthspire Advisors LLC now owns 7,006 shares of the utilities provider’s stock worth $531,000 after acquiring an additional 3,558 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Entergy by 17.9% during the 4th quarter. First Horizon Advisors Inc. now owns 1,914 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 291 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

ETR stock opened at $84.94 on Monday. Entergy Corporation has a 52-week low of $49.80 and a 52-week high of $88.38. The company has a fifty day moving average price of $79.45 and a 200-day moving average price of $71.67. The company has a market capitalization of $36.56 billion, a P/E ratio of 34.88, a PEG ratio of 2.34 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

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

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio is presently 98.56%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $58.00 to $75.00 in a research report on Monday, November 4th. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and increased their price objective for the company from $69.00 to $77.00 in a research note on Monday, November 4th. Wells Fargo & Company increased their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Finally, UBS Group increased their price objective on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Six 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. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $82.14.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction on Friday, December 13th. The shares were 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 of the company’s stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by 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.