Trust Co. of Toledo NA OH Sells 1,374 Shares of Entergy Corporation $ETR

Trust Co. of Toledo NA OH lessened its stake in shares of Entergy Corporation (NYSE:ETR) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,980 shares of the utilities provider’s stock after selling 1,374 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Entergy were worth $1,744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ETR. Mattson Financial Services LLC boosted its position in Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 150 shares in the last quarter. Atwood & Palmer Inc. boosted its position in Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 190 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Entergy during the 1st quarter valued at $28,000. Grove Bank & Trust boosted its position in Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Entergy in the 1st quarter worth $32,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ETR shares. Jefferies Financial Group started coverage on Entergy in a research report on Thursday, September 4th. They issued a “buy” rating and a $109.00 price objective for the company. Morgan Stanley lowered their price objective on Entergy from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. KeyCorp reissued an “overweight” rating and issued a $96.00 price objective (up previously from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Raymond James Financial started coverage on Entergy in a research report on Friday, June 13th. They issued a “market perform” rating for the company. Finally, JPMorgan Chase & Co. raised their price objective on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.39% of the company’s stock.

Entergy Stock Performance

Shares of ETR stock opened at $95.19 on Friday. The firm has a market capitalization of $42.49 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The business has a fifty day moving average of $90.45 and a 200 day moving average of $85.70. Entergy Corporation has a 1 year low of $64.72 and a 1 year high of $98.58.

Entergy (NYSE:ETR) last issued its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The company had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%. As a group, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were paid a $0.60 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Entergy’s dividend payout ratio (DPR) is 59.85%.

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.