Trustmark National Bank Trust Department Raises Stock Position in Entergy Corporation (NYSE:ETR)

Trustmark National Bank Trust Department lifted its position in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,996 shares of the utilities provider’s stock after purchasing an additional 2,998 shares during the period. Trustmark National Bank Trust Department’s holdings in Entergy were worth $455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortis Group Advisors LLC grew its position in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. NBT Bank N A NY lifted its stake in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 170 shares during the period. Duncker Streett & Co. Inc. grew its holdings in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 179 shares in the last quarter. Sandy Spring Bank increased its position in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the period. Finally, Riverview Trust Co lifted its position in shares of Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 182 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of ETR opened at $82.56 on Tuesday. The firm has a market capitalization of $35.56 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The company’s fifty day moving average price is $83.48 and its 200-day moving average price is $77.47. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38.

Entergy (NYSE:ETR) last announced its quarterly earnings data 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. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the company earned $0.26 earnings per share. On average, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, May 2nd. Entergy’s dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analysts Forecast Growth

ETR has been the topic of several research reports. Wells Fargo & Company lifted their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. BMO Capital Markets reduced their price target on Entergy from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Friday. Scotiabank dropped their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. 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 report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Six equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.25.

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.