Union Bancaire Privee UBP SA Purchases Shares of 22,168 Entergy Corporation (NYSE:ETR)

Union Bancaire Privee UBP SA purchased a new stake in Entergy Corporation (NYSE:ETR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 22,168 shares of the utilities provider’s stock, valued at approximately $1,591,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Fortis Group Advisors LLC increased its stake in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Entergy during the third quarter worth about $27,000. Fortitude Family Office LLC increased its position in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 178 shares in the last quarter. IFS Advisors LLC bought a new stake in shares of Entergy during the fourth quarter worth about $30,000. Finally, Ulland Investment Advisors LLC increased its position in shares of Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ETR shares. Scotiabank decreased their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. Evercore ISI boosted their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Six 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 company’s stock. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.14.

Entergy Stock Down 1.1 %

ETR opened at $84.94 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a market cap of $36.56 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 2.34 and a beta of 0.72. Entergy Corporation has a twelve month low of $49.80 and a twelve month high of $88.38. The company’s 50-day moving average price is $79.45 and its two-hundred day moving average price is $71.67.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Monday, February 10th. Entergy’s payout ratio is 98.56%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.39% of the company’s stock.

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.