OLD Second National Bank of Aurora Purchases 1,052 Shares of Entergy Corporation (NYSE:ETR)

OLD Second National Bank of Aurora increased its position in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,104 shares of the utilities provider’s stock after buying an additional 1,052 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Entergy were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. OLD National Bancorp IN lifted its position in Entergy by 104.9% in the 4th quarter. OLD National Bancorp IN now owns 6,258 shares of the utilities provider’s stock worth $474,000 after buying an additional 3,204 shares during the last quarter. Coston McIsaac & Partners lifted its position in Entergy by 101.7% in the 4th quarter. Coston McIsaac & Partners now owns 1,408 shares of the utilities provider’s stock worth $106,000 after buying an additional 710 shares during the last quarter. Baron Wealth Management LLC bought a new stake in Entergy in the 4th quarter worth approximately $206,000. Foster & Motley Inc. lifted its position in Entergy by 78.0% in the 4th quarter. Foster & Motley Inc. now owns 16,157 shares of the utilities provider’s stock worth $1,225,000 after buying an additional 7,082 shares during the last quarter. Finally, Plimoth Trust Co. LLC lifted its position in Entergy by 95.1% in the 4th quarter. Plimoth Trust Co. LLC now owns 11,090 shares of the utilities provider’s stock worth $841,000 after buying an additional 5,405 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of ETR stock opened at $79.43 on Thursday. The stock has a market cap of $34.06 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.54 and a beta of 0.71. The business’s fifty day moving average is $76.93 and its 200 day moving average is $68.34. Entergy Corporation has a twelve month low of $48.08 and a twelve month 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.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.04. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the prior year, the firm earned $1.64 earnings per share. Research analysts expect that Entergy Corporation will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 4,032 shares in the company, valued at $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 ninety days. Company insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ETR shares. Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $69.00 to $77.00 in a research report on Monday, November 4th. Scotiabank lowered their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. BMO Capital Markets lowered their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research report on Monday, November 18th. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.