TruNorth Capital Management LLC Purchases 300 Shares of Entergy Corporation (NYSE:ETR)

TruNorth Capital Management LLC increased its position in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600 shares of the utilities provider’s stock after buying an additional 300 shares during the quarter. TruNorth Capital Management LLC’s holdings in Entergy were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans grew its holdings in shares of Entergy by 21.4% in the third quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock worth $129,840,000 after purchasing an additional 174,093 shares during the last quarter. Empowered Funds LLC grew its holdings in Entergy by 40.7% in the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock worth $2,448,000 after acquiring an additional 5,381 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Entergy by 4.0% in the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock valued at $36,885,000 after acquiring an additional 10,697 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Entergy during the fourth quarter valued at about $4,393,000. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Entergy by 74.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock worth $603,000 after purchasing an additional 3,393 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 0.1 %

Entergy stock opened at $85.21 on Tuesday. Entergy Corporation has a 12 month low of $49.80 and a 12 month high of $88.38. The company has a market capitalization of $36.68 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. The business’s fifty day simple moving average is $79.66 and its two-hundred day simple moving average is $71.86. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm 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 quarter in the previous year, the firm earned $0.26 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.82%. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group upped their price target on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Mizuho upped their target price on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Barclays upped their price objective on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Scotiabank cut their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.14.

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.