Savant Capital LLC Purchases 18,321 Shares of Entergy Corporation (NYSE:ETR)

Savant Capital LLC raised its position in Entergy Corporation (NYSE:ETR) by 97.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,071 shares of the utilities provider’s stock after purchasing an additional 18,321 shares during the period. Savant Capital LLC’s holdings in Entergy were worth $2,811,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ETR. Legacy Investment Solutions LLC bought a new position in Entergy in the 3rd quarter worth about $27,000. Fortitude Family Office LLC increased its position in shares of Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares during the last quarter. Cetera Trust Company N.A purchased a new stake in Entergy in the third quarter valued at approximately $29,000. Coastline Trust Co bought a new stake in Entergy during the third quarter valued at approximately $31,000. Finally, Ashton Thomas Securities LLC bought a new stake in Entergy during the third quarter valued at approximately $42,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.39% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $82.90 on Thursday. The company has a 50-day simple moving average of $77.91 and a two-hundred day simple moving average of $70.20. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The firm has a market capitalization of $35.55 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26.

Entergy Dividend Announcement

The company 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. This represents a $2.40 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio is currently 58.47%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ETR. Wells Fargo & Company upped their target price on shares of Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $58.00 to $75.00 in a research report on Monday, November 4th. BMO Capital Markets decreased their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a report on Monday, November 18th. Barclays upped their target price on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Mizuho lifted their price target on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.