Private Trust Co. NA Buys 569 Shares of Entergy Corporation $ETR

Private Trust Co. NA boosted its stake in Entergy Corporation (NYSE:ETR) by 12.4% in the second quarter, HoldingsChannel reports. The firm owned 5,174 shares of the utilities provider’s stock after acquiring an additional 569 shares during the period. Private Trust Co. NA’s holdings in Entergy were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. TD Asset Management Inc increased its holdings in shares of Entergy by 964.8% in the first quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider’s stock worth $261,232,000 after acquiring an additional 2,768,734 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Entergy by 5.2% in the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock worth $4,687,331,000 after acquiring an additional 2,695,348 shares in the last quarter. Alkeon Capital Management LLC bought a new stake in shares of Entergy in the first quarter worth about $194,429,000. Nuveen LLC bought a new stake in shares of Entergy in the first quarter worth about $123,648,000. Finally, Zimmer Partners LP increased its holdings in shares of Entergy by 285.5% in the first quarter. Zimmer Partners LP now owns 1,133,474 shares of the utilities provider’s stock worth $96,901,000 after acquiring an additional 839,474 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 0.2%

NYSE:ETR opened at $95.80 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The stock has a 50-day simple moving average of $91.02 and a 200 day simple moving average of $86.10. The company has a market cap of $42.77 billion, a PE ratio of 23.86, a PEG ratio of 2.41 and a beta of 0.62. Entergy Corporation has a 52-week low of $66.75 and a 52-week high of $98.58.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The firm 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%. On average, sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Scotiabank set a $105.00 price target on Entergy and gave the stock an “outperform” rating in a report on Friday, October 3rd. BMO Capital Markets restated an “outperform” rating and issued a $104.00 price target (up from $96.00) on shares of Entergy in a report on Tuesday, October 14th. JPMorgan Chase & Co. increased their price target on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. KeyCorp reiterated an “overweight” rating and set a $106.00 price objective (up from $96.00) on shares of Entergy in a report on Wednesday. Finally, Barclays set a $100.00 price objective on Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.57.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the transaction, the insider directly owned 3,318 shares in the company, valued at $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by corporate insiders.

About Entergy

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.