American Trust Has $462,000 Stock Holdings in Entergy Co. (NYSE:ETR)

American Trust trimmed its position in Entergy Co. (NYSE:ETRGet Rating) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,954 shares of the utilities provider’s stock after selling 164 shares during the quarter. American Trust’s holdings in Entergy were worth $462,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. Mutual of America Capital Management LLC grew its holdings in shares of Entergy by 1.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 41,402 shares of the utilities provider’s stock worth $4,834,000 after purchasing an additional 753 shares in the last quarter. Atria Investments LLC grew its holdings in shares of Entergy by 6.9% during the 1st quarter. Atria Investments LLC now owns 10,183 shares of the utilities provider’s stock worth $1,189,000 after purchasing an additional 661 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Entergy during the 4th quarter worth $20,667,000. Capital Group Private Client Services Inc. grew its holdings in shares of Entergy by 9.2% during the 1st quarter. Capital Group Private Client Services Inc. now owns 96,895 shares of the utilities provider’s stock worth $11,312,000 after purchasing an additional 8,165 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Entergy by 6.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 16,335 shares of the utilities provider’s stock worth $1,907,000 after purchasing an additional 1,000 shares in the last quarter. 90.53% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

Entergy stock opened at $115.42 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $23.48 billion, a PE ratio of 19.08, a P/E/G ratio of 2.69 and a beta of 0.57. Entergy Co. has a 12 month low of $98.50 and a 12 month high of $126.82. The stock has a 50-day moving average price of $116.15 and a two-hundred day moving average price of $115.84.

Entergy (NYSE:ETRGet Rating) last posted its earnings results on Wednesday, August 3rd. The utilities provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.36 by $0.42. Entergy had a return on equity of 11.07% and a net margin of 9.92%. During the same period in the prior year, the firm earned $1.34 earnings per share. Analysts expect that Entergy Co. will post 6.38 EPS for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th were given a dividend of $1.01 per share. The ex-dividend date was Wednesday, August 10th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.50%. Entergy’s dividend payout ratio (DPR) is 66.78%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ETR. Mizuho reduced their target price on Entergy from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, June 29th. Wells Fargo & Company raised their price objective on Entergy from $125.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, August 4th. Evercore ISI raised their price objective on Entergy to $130.00 in a research note on Tuesday, August 9th. BMO Capital Markets raised their price objective on Entergy from $124.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, Morgan Stanley raised their price objective on Entergy from $106.00 to $115.00 and gave the company an “underweight” rating in a research note on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Entergy presently has an average rating of “Hold” and a consensus price target of $125.43.

About Entergy

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Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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