BankPlus Trust Department Buys New Stake in Entergy Corporation (NYSE:ETR)

BankPlus Trust Department bought a new stake in Entergy Corporation (NYSE:ETR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 620 shares of the utilities provider’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC lifted its stake in shares of 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 during the period. Acropolis Investment Management LLC lifted its stake in shares of Entergy by 0.8% during the 3rd 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 stake in shares of Entergy by 0.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after purchasing an additional 74 shares during the period. Prossimo Advisors LLC lifted its stake in shares of Entergy by 1.5% during 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. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Entergy by 1.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock worth $952,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’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 owns 3,952 shares of the company’s stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of recent analyst reports. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $69.00 to $77.00 in a research note on Monday, November 4th. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Mizuho upped their price objective on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a report on Monday, November 4th. Evercore ISI upped their price objective on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Finally, Barclays upped their price objective on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Six equities research 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.14.

Entergy Stock Performance

Shares of ETR stock opened at $85.51 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a one year low of $49.80 and a one year high of $88.38. The company’s 50-day simple moving average is $79.88 and its 200-day simple moving average is $72.05. The stock has a market capitalization of $36.80 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.34 and a beta of 0.72.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter last year, the company posted $0.26 earnings per share. Equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.81%. Entergy’s payout ratio is 98.77%.

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.