Webster Bank N. A. Raises Position in Entergy Corporation (NYSE:ETR)

Webster Bank N. A. lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 100.0% during the 4th quarter, Holdings Channel reports. 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 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ETR. United Asset Strategies Inc. grew its position in Entergy by 98.9% in the 4th quarter. United Asset Strategies Inc. now owns 292,129 shares of the utilities provider’s stock worth $22,149,000 after purchasing an additional 145,280 shares in the last quarter. KBC Group NV boosted its stake in shares of Entergy by 213.9% in the 4th quarter. KBC Group NV now owns 37,508 shares of the utilities provider’s stock worth $2,844,000 after buying an additional 25,558 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Entergy in the fourth quarter valued at approximately $1,591,000. Blue Trust Inc. increased its position in shares of Entergy by 44.3% during the fourth quarter. Blue Trust Inc. now owns 2,448 shares of the utilities provider’s stock valued at $186,000 after acquiring an additional 752 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its holdings in Entergy by 58.5% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 2,676 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 988 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE ETR opened at $79.43 on Thursday. 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 Corporation has a fifty-two week low of $48.08 and a fifty-two week high of $84.26. The stock has a market cap of $34.06 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 2.54 and a beta of 0.71. The stock has a fifty day moving average of $76.93 and a 200-day moving average of $68.34.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.04. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the previous year, the firm earned $1.64 EPS. Equities research analysts anticipate that Entergy Corporation will post 3.59 earnings per share for the current year.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy 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 completion of the sale, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total transaction of $616,090.02. Following the completion of the transaction, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,756 shares of company stock worth $1,095,637. 0.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ETR. Scotiabank reduced their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada increased their price target on shares of Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Mizuho lifted their price objective 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. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Finally, UBS Group lifted their price target on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.37.

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.