GW Henssler & Associates Ltd. Sells 800 Shares of Entergy Corporation (NYSE:ETR)

GW Henssler & Associates Ltd. cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 109,566 shares of the utilities provider’s stock after selling 800 shares during the period. GW Henssler & Associates Ltd.’s holdings in Entergy were worth $8,307,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ETR. Sequent Asset Management LLC boosted its position in Entergy by 100.0% during the 4th quarter. Sequent Asset Management LLC now owns 17,444 shares of the utilities provider’s stock valued at $1,323,000 after acquiring an additional 8,722 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its position in Entergy by 100.0% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 5,776 shares of the utilities provider’s stock valued at $438,000 after purchasing an additional 2,888 shares in the last quarter. CENTRAL TRUST Co grew its stake in Entergy by 99.9% in the fourth quarter. CENTRAL TRUST Co now owns 5,238 shares of the utilities provider’s stock valued at $397,000 after purchasing an additional 2,618 shares during the last quarter. Greenleaf Trust raised its holdings in Entergy by 110.1% in the fourth quarter. Greenleaf Trust now owns 9,992 shares of the utilities provider’s stock worth $758,000 after purchasing an additional 5,236 shares in the last quarter. Finally, Avantra Family Wealth Inc. purchased a new stake in shares of Entergy during the fourth quarter valued at about $290,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of NYSE:ETR opened at $81.17 on Monday. Entergy Corporation has a twelve month low of $48.08 and a twelve month high of $84.26. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The company has a market cap of $34.81 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The company’s 50 day moving average is $77.23 and its 200 day moving average is $68.80.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the prior year, the business earned $1.64 earnings per share. On average, sell-side analysts forecast that Entergy Corporation will post 3.59 EPS for the current year.

Entergy Dividend Announcement

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

Insider Buying and Selling at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction 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 in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 4,032 shares of the company’s stock, valued at approximately $300,444.48. This trade represents a 67.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,756 shares of company stock worth $1,095,637. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of several recent analyst reports. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research note on Thursday. Mizuho upped their price target on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. UBS Group raised their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Finally, Scotiabank lowered their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Entergy 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.