Leo Wealth LLC Buys 4,034 Shares of Entergy Corporation (NYSE:ETR)

Leo Wealth LLC grew its stake in Entergy Corporation (NYSE:ETR) by 34.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,759 shares of the utilities provider’s stock after purchasing an additional 4,034 shares during the period. Leo Wealth LLC’s holdings in Entergy were worth $1,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OneDigital Investment Advisors LLC lifted its position in Entergy by 2.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after buying an additional 69 shares during the last quarter. Acropolis Investment Management LLC lifted its holdings in shares of Entergy by 0.8% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after acquiring an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in Entergy by 0.9% during 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 purchasing an additional 74 shares during the last quarter. Bank & Trust Co grew its holdings in Entergy by 12.8% during the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 90 shares during the last quarter. Finally, Prossimo Advisors LLC raised its position in Entergy by 1.5% in the 3rd quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $69.00 to $77.00 in a research report on Monday, November 4th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $58.00 to $75.00 in a research report on Monday, November 4th. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Royal Bank of Canada upped their price target on shares of Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average target price of $79.81.

Entergy Stock Up 0.4 %

ETR stock opened at $82.81 on Friday. 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 Corporation has a 52 week low of $48.08 and a 52 week high of $84.26. The stock has a market capitalization of $35.51 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The firm has a 50 day moving average of $77.50 and a 200 day moving average of $69.36.

Entergy Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 8,268 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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.