Webster Bank N. A. Has $152,000 Stock Holdings in Entergy Corporation (NYSE:ETR)

Webster Bank N. A. raised its stake in Entergy Corporation (NYSE:ETR) by 100.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the utilities provider’s stock after buying an additional 1,000 shares during the period. Webster Bank N. A.’s holdings in Entergy were worth $152,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $58.00 to $75.00 in a research note on Monday, November 4th. BMO Capital Markets lowered their target price on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research report on Monday, November 18th. Royal Bank of Canada upped their price target on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Barclays raised their price objective on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $77.37.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 8,268 shares of the 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eliecer Viamontes sold 400 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total transaction of $29,400.00. Following the sale, the insider now owns 8,346 shares of the company’s stock, valued at $613,431. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,756 shares of company stock valued at $1,095,637 in the last three months. Corporate insiders own 0.39% of the company’s stock.

Entergy Stock Performance

NYSE:ETR opened at $79.43 on Thursday. The firm has a market capitalization of $34.06 billion, a P/E ratio of 19.35, a P/E/G ratio of 2.54 and a beta of 0.71. Entergy Corporation has a twelve month low of $48.08 and a twelve month high of $84.26. The company has a fifty day moving average of $76.93 and a 200-day moving average of $68.34. 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 announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.04. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the prior year, the business earned $1.64 earnings per share. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.59 EPS for the current year.

About Entergy

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.