Signature Wealth Management Partners LLC Purchases 3,760 Shares of Entergy Corporation (NYSE:ETR)

Signature Wealth Management Partners LLC raised its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,520 shares of the utilities provider's stock after buying an additional 3,760 shares during the period. Signature Wealth Management Partners LLC's holdings in Entergy were worth $570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ETR. OneDigital Investment Advisors LLC lifted its position in Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock worth $451,000 after acquiring an additional 69 shares during the last quarter. Acropolis Investment Management LLC boosted its stake in Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider's stock valued at $1,163,000 after purchasing an additional 69 shares during the period. Great Valley Advisor Group Inc. grew its holdings in 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 during the last quarter. Bank & Trust Co increased its position in Entergy by 12.8% in the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider's stock worth $105,000 after buying an additional 90 shares during the period. Finally, Prossimo Advisors LLC lifted its holdings in shares of Entergy by 1.5% during the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider's stock worth $786,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Price Performance

NYSE:ETR traded down $0.01 during trading hours on Friday, reaching $81.17. The company had a trading volume of 7,475,076 shares, compared to its average volume of 4,123,354. The firm has a market capitalization of $34.81 billion, a PE ratio of 19.77, a PEG ratio of 2.44 and a beta of 0.71. The stock has a 50-day moving average of $77.11 and a two-hundred day moving average of $68.51. Entergy Corporation has a one year low of $48.08 and a one year 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.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.04. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The business had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.46 billion. During the same quarter last year, the company posted $1.64 EPS. Analysts forecast that Entergy Corporation will post 3.59 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.96%. Entergy's payout ratio is 58.47%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ETR. LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective on the stock in a research note on Thursday. Scotiabank dropped their price objective on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 7th. Bank of America cut shares of Entergy from a "buy" rating to a "neutral" rating and increased their target price for the company from $69.00 to $77.00 in a research note on Monday, November 4th. StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Finally, Mizuho raised their price objective on Entergy from $69.00 to $82.50 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and an average price target of $79.81.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 8,268 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 4,032 shares of the company's stock, valued at $300,444.48. This trade represents a 67.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eliecer Viamontes sold 400 shares of Entergy stock in a transaction 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 transaction, the insider now owns 8,346 shares of the company's stock, valued at approximately $613,431. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,756 shares of company stock valued at $1,095,637. Corporate insiders own 0.39% of the company's stock.

About Entergy

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.