First Bank & Trust Buys 18,286 Shares of Entergy Corporation (NYSE:ETR)

First Bank & Trust raised its stake in Entergy Corporation (NYSE:ETR) by 89.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,793 shares of the utilities provider’s stock after purchasing an additional 18,286 shares during the period. First Bank & Trust’s holdings in Entergy were worth $2,941,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ETR. Fortis Group Advisors LLC boosted its holdings in Entergy by 100.0% in the 4th 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 during the period. Legacy Investment Solutions LLC bought a new position in shares of Entergy during the 3rd quarter worth about $27,000. Fortitude Family Office LLC lifted its holdings in shares of Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 178 shares during the period. IFS Advisors LLC acquired a new stake in shares of Entergy during the 4th quarter valued at about $30,000. Finally, Ulland Investment Advisors LLC boosted its position in shares of Entergy by 100.0% during the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Trading Down 0.1 %

Shares of NYSE ETR opened at $87.31 on Thursday. Entergy Corporation has a 1-year low of $49.80 and a 1-year high of $88.38. The company has a market cap of $37.44 billion, a PE ratio of 35.85, a P/E/G ratio of 2.67 and a beta of 0.72. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The company has a 50-day moving average of $78.74 and a two-hundred day moving average of $71.08.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.75%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal 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 dividend yield of 2.75%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio is presently 98.56%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ETR. Guggenheim lifted their target price on shares of Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their target price on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a research report on Thursday, January 30th. Mizuho lifted their target price on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.14.

Insiders Place Their Bets

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 completion of the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

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.