Callan Family Office LLC Makes New Investment in Entergy Corporation (NYSE:ETR)

Callan Family Office LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,918 shares of the utilities provider's stock, valued at approximately $979,000.

Several other large investors also recently bought and sold shares of the stock. Freestone Capital Holdings LLC increased its holdings in Entergy by 100.0% during the 4th quarter. Freestone Capital Holdings LLC now owns 3,220 shares of the utilities provider's stock worth $244,000 after purchasing an additional 1,610 shares during the period. Ethos Financial Group LLC increased its holdings in shares of Entergy by 100.4% in the 4th quarter. Ethos Financial Group LLC now owns 3,545 shares of the utilities provider's stock valued at $269,000 after acquiring an additional 1,776 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Entergy by 111.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,382 shares of the utilities provider's stock valued at $105,000 after acquiring an additional 728 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Entergy in the 4th quarter valued at about $101,133,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Entergy in the 4th quarter valued at about $167,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

Entergy stock traded up $1.85 during mid-day trading on Tuesday, reaching $82.31. 5,745,234 shares of the company were exchanged, compared to its average volume of 3,253,493. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The firm's 50-day simple moving average is $81.62 and its two-hundred day simple moving average is $73.81. 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 firm has a market cap of $35.43 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.

Remove Ads

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

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. Entergy's dividend payout ratio is currently 98.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. KeyCorp downgraded Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday. UBS Group increased their price objective on Entergy from $72.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. BMO Capital Markets increased their price objective on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, Evercore ISI raised their price target on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Six investment 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.11.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the firm'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 value of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares of the company's stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.39% of the company's stock.

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.