YANKCOM Partnership Makes New $40,000 Investment in Entergy Corporation (NYSE:ETR)

YANKCOM Partnership purchased a new position in shares of Entergy Corporation (NYSE:ETR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 534 shares of the utilities provider’s stock, valued at approximately $40,000.

Other large investors also recently added to or reduced their stakes in the company. Czech National Bank raised its stake in shares of Entergy by 7.0% in the third quarter. Czech National Bank now owns 43,555 shares of the utilities provider’s stock valued at $5,732,000 after acquiring an additional 2,864 shares in the last quarter. A. D. Beadell Investment Counsel Inc. acquired a new stake in shares of Entergy in the third quarter valued at $1,539,000. Bank & Trust Co raised its stake in shares of Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 90 shares in the last quarter. Clarius Group LLC acquired a new stake in shares of Entergy in the third quarter valued at $213,000. Finally, LVW Advisors LLC raised its stake in shares of Entergy by 23.7% in the third quarter. LVW Advisors LLC now owns 3,244 shares of the utilities provider’s stock valued at $427,000 after acquiring an additional 622 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of ETR stock opened at $82.81 on Friday. The stock’s 50-day moving average is $77.50 and its two-hundred day moving average is $69.36. The firm has a market cap of $35.51 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.50 and a beta of 0.72. Entergy Corporation has a 1 year low of $48.08 and a 1 year high of $84.26. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio is currently 58.39%.

Analyst Ratings Changes

Several analysts have recently issued reports on ETR shares. Barclays increased their price objective on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. BMO Capital Markets reduced their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research note on Monday, November 18th. Wells Fargo & Company increased their target price on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 1st. 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. Finally, Guggenheim increased their target price on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 8,268 shares of the firm’s stock in a transaction dated 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 approximately $300,444.48. This represents a 67.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

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.