Wilmington Savings Fund Society FSB Purchases 1,389 Shares of Entergy Corporation (NYSE:ETR)

Wilmington Savings Fund Society FSB grew its stake in Entergy Corporation (NYSE:ETR) by 104.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,720 shares of the utilities provider’s stock after buying an additional 1,389 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Entergy were worth $206,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. OneDigital Investment Advisors LLC increased its holdings 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 purchasing an additional 69 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in Entergy by 0.8% during the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after purchasing an additional 69 shares during the period. Great Valley Advisor Group Inc. lifted its position in Entergy by 0.9% during the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after acquiring an additional 74 shares during the last quarter. Prossimo Advisors LLC lifted its position in 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 acquiring an additional 90 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in Entergy by 1.3% during the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock worth $952,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Scotiabank dropped their target price 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 lowered shares of Entergy from a “buy” rating to a “neutral” rating and upped their price objective for the company from $69.00 to $77.00 in a report on Monday, November 4th. Finally, BMO Capital Markets lowered their target price on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a report on Monday, November 18th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $79.81.

Insider Buying and Selling

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by insiders.

Entergy Trading Up 1.1 %

NYSE ETR opened at $82.90 on Thursday. The firm has a 50 day simple moving average of $77.91 and a 200-day simple moving average of $70.20. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. Entergy Corporation has a one year low of $48.08 and a one year high of $84.26. The firm has a market cap of $35.55 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.53 and a beta of 0.72.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%. Entergy’s dividend payout ratio is currently 58.47%.

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.