TruNorth Capital Management LLC Purchases 300 Shares of Entergy Corporation (NYSE:ETR)

TruNorth Capital Management LLC raised its position in Entergy Corporation (NYSE:ETR) by 100.0% during the fourth quarter, Holdings Channel reports. The fund owned 600 shares of the utilities provider’s stock after acquiring an additional 300 shares during the period. TruNorth Capital Management LLC’s holdings in Entergy were worth $45,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ETR. Bank of New York Mellon Corp lifted its stake in shares of Entergy by 87.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,848,293 shares of the utilities provider’s stock worth $215,958,000 after purchasing an additional 1,328,694 shares during the period. Wrapmanager Inc. increased its holdings in Entergy by 53.0% during the fourth quarter. Wrapmanager Inc. now owns 3,014 shares of the utilities provider’s stock valued at $229,000 after buying an additional 1,044 shares during the last quarter. CWS Financial Advisors LLC bought a new position in Entergy in the fourth quarter worth approximately $303,000. Addison Advisors LLC boosted its stake in shares of Entergy by 175.6% during the 4th quarter. Addison Advisors LLC now owns 441 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 281 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of Entergy during the 4th quarter valued at $47,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by company insiders.

Entergy Stock Up 0.1 %

ETR opened at $85.21 on Tuesday. Entergy Corporation has a 52 week low of $49.80 and a 52 week high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a 50-day simple moving average of $79.66 and a two-hundred day simple moving average of $71.86. The company has a market capitalization of $36.68 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72.

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

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.82%. Entergy’s dividend payout ratio (DPR) is currently 98.77%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a report on Thursday, January 30th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Barclays raised their target price on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Mizuho upped their price target on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.14.

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.