Meriwether Wealth & Planning LLC Buys Shares of 4,417 Entergy Corporation (NYSE:ETR)

Meriwether Wealth & Planning LLC acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,417 shares of the utilities provider's stock, valued at approximately $335,000.

Other institutional investors also recently bought and sold shares of the company. Fortis Group Advisors LLC lifted its stake in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after buying an additional 172 shares during the period. NBT Bank N A NY lifted its position in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares during the period. Legacy Investment Solutions LLC purchased a new stake in Entergy during the 3rd quarter valued at about $27,000. Duncker Streett & Co. Inc. increased its holdings in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. Finally, Riverview Trust Co raised its stake in shares of Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after purchasing an additional 182 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. UBS Group raised their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. KeyCorp lowered shares of Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.11.

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Entergy Price Performance

Shares of ETR stock traded up $2.07 on Tuesday, reaching $82.53. 3,253,000 shares of the company were exchanged, compared to its average volume of 3,239,842. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The business has a 50-day moving average price of $81.49 and a 200 day moving average price of $73.65. The company has a market cap of $35.52 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the business earned $0.26 EPS. Equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. Entergy's payout ratio is currently 98.77%.

Insiders Place Their Bets

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the business'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 transaction, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by corporate 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.