Entergy Co. (NYSE:ETR) Shares Acquired by First Bank & Trust

First Bank & Trust increased its position in Entergy Co. (NYSE:ETR) by 23.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,429 shares of the utilities provider’s stock after buying an additional 2,928 shares during the quarter. First Bank & Trust’s holdings in Entergy were worth $1,502,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Keel Point LLC raised its position in shares of Entergy by 9.0% during the first quarter. Keel Point LLC now owns 3,026 shares of the utilities provider’s stock worth $326,000 after purchasing an additional 250 shares during the period. Rhumbline Advisers raised its position in shares of Entergy by 0.3% during the first quarter. Rhumbline Advisers now owns 364,537 shares of the utilities provider’s stock worth $39,275,000 after purchasing an additional 1,205 shares during the period. DAVENPORT & Co LLC acquired a new stake in shares of Entergy during the first quarter worth $2,036,000. Keybank National Association OH raised its position in shares of Entergy by 45.8% during the first quarter. Keybank National Association OH now owns 3,625 shares of the utilities provider’s stock worth $391,000 after purchasing an additional 1,139 shares during the period. Finally, Knights of Columbus Asset Advisors LLC raised its position in shares of Entergy by 0.7% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 48,009 shares of the utilities provider’s stock worth $5,172,000 after purchasing an additional 344 shares during the period. Institutional investors and hedge funds own 86.52% of the company’s stock.

Insider Transactions at Entergy

In other news, EVP Marcus V. Brown sold 13,500 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $95.40, for a total transaction of $1,287,900.00. Following the completion of the sale, the executive vice president now owns 9,251 shares in the company, valued at approximately $882,545.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ETR. JPMorgan Chase & Co. boosted their target price on Entergy from $121.00 to $124.00 and gave the stock an “overweight” rating in a research report on Thursday, August 17th. Guggenheim dropped their price target on Entergy from $124.00 to $110.00 in a research report on Friday, July 7th. Royal Bank of Canada dropped their price target on Entergy from $126.00 to $117.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 6th. Morgan Stanley dropped their price target on Entergy from $102.00 to $94.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 23rd. Finally, Barclays initiated coverage on Entergy in a research report on Wednesday, August 23rd. They set an “equal weight” rating and a $98.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.50.

Entergy Stock Up 0.0 %

ETR stock traded up $0.04 during mid-day trading on Monday, hitting $98.44. The stock had a trading volume of 269,116 shares, compared to its average volume of 1,461,306. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 1.84. Entergy Co. has a 1-year low of $91.80 and a 1-year high of $120.78. The company has a fifty day moving average of $97.82 and a 200 day moving average of $101.46. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 2.61 and a beta of 0.65.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.15. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $3.26 billion. Entergy had a return on equity of 10.22% and a net margin of 10.22%. During the same period in the prior year, the firm posted $1.78 EPS. On average, equities analysts expect that Entergy Co. will post 6.69 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $4.28 annualized dividend and a dividend yield of 4.35%. Entergy’s dividend payout ratio (DPR) is presently 65.24%.

Entergy Profile

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.