Venturi Wealth Management LLC Has $150,000 Stock Position in Entergy Corporation (NYSE:ETR)

Venturi Wealth Management LLC grew its stake in Entergy Corporation (NYSE:ETR) by 187.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,981 shares of the utilities provider’s stock after purchasing an additional 1,293 shares during the quarter. Venturi Wealth Management LLC’s holdings in Entergy were worth $150,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. OneDigital Investment Advisors LLC increased its position in shares of Entergy by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock valued at $451,000 after buying an additional 69 shares in the last quarter. Acropolis Investment Management LLC increased its position in shares of Entergy by 0.8% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock valued at $1,163,000 after buying an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Entergy by 0.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock valued at $1,065,000 after buying an additional 74 shares in the last quarter. Prossimo Advisors LLC increased its position in shares of Entergy by 1.5% in the 3rd quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock valued at $786,000 after buying an additional 90 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Entergy by 1.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock valued at $952,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Down 1.1 %

Shares of NYSE:ETR opened at $84.94 on Friday. Entergy Corporation has a 52-week low of $49.80 and a 52-week high of $88.38. The company has a market capitalization of $36.56 billion, a P/E ratio of 34.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. The company has a 50-day simple moving average of $79.45 and a 200 day simple moving average of $71.49. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

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

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.83%. Entergy’s dividend payout ratio (DPR) is currently 98.56%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ETR shares. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $58.00 to $75.00 in a report on Monday, November 4th. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a report on Thursday, January 30th. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. BMO Capital Markets increased their target price on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Mizuho raised their price objective on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average price target of $82.14.

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company 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.