2,723 Shares in Entergy Corporation (NYSE:ETR) Acquired by Baron Wealth Management LLC

Baron Wealth Management LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,723 shares of the utilities provider’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in Entergy in the third quarter valued at about $27,000. Cetera Trust Company N.A bought a new stake in shares of Entergy in the 3rd quarter valued at about $29,000. Fortitude Family Office LLC raised its stake in shares of Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 178 shares in the last quarter. IFS Advisors LLC purchased a new stake in Entergy during the fourth quarter valued at approximately $30,000. Finally, Ulland Investment Advisors LLC boosted its stake in 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 acquiring an additional 200 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ETR has been the subject of several analyst reports. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $69.00 to $77.00 in a research note on Monday, November 4th. BMO Capital Markets lowered their target price on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. Guggenheim upped their price target on shares of Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $58.00 to $75.00 in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.37.

Entergy Stock Performance

Shares of ETR stock opened at $79.43 on Thursday. Entergy Corporation has a 52-week low of $48.08 and a 52-week high of $84.26. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. 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 business has a 50-day simple moving average of $76.93 and a 200-day simple moving average of $68.34.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. On average, equities analysts expect that Entergy Corporation will post 3.59 EPS for the current year.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the 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 transaction, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eliecer Viamontes sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total value of $29,400.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,756 shares of company stock worth $1,095,637. 0.39% of the stock is owned by company insiders.

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.