Commerce Bank Has $2.03 Million Stock Position in Entergy Corporation (NYSE:ETR)

Commerce Bank increased its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 100.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,822 shares of the utilities provider's stock after acquiring an additional 13,435 shares during the period. Commerce Bank's holdings in Entergy were worth $2,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Legacy Financial Advisors Inc. boosted its stake in shares of Entergy by 60.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock valued at $1,219,000 after purchasing an additional 6,028 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Entergy in the fourth quarter valued at about $4,393,000. Flagship Harbor Advisors LLC grew its stake in Entergy by 74.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after buying an additional 3,393 shares during the last quarter. LaFleur & Godfrey LLC bought a new stake in Entergy during the fourth quarter worth about $217,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Entergy by 324.3% during the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock worth $56,000 after buying an additional 561 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Stock Down 0.4 %

Shares of NYSE:ETR traded down $0.37 during midday trading on Friday, reaching $84.60. 2,697,771 shares of the company were exchanged, compared to its average volume of 3,672,939. The firm has a market cap of $36.44 billion, a PE ratio of 34.74, a P/E/G ratio of 2.34 and a beta of 0.56. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The stock has a fifty day simple moving average of $83.51 and a two-hundred day simple moving average of $78.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter last year, the business posted $0.26 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is presently 98.77%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a report on Thursday, January 30th. UBS Group increased their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research note on Wednesday. Finally, Barclays upped their price objective on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Entergy presently has an average rating of "Moderate Buy" and an average price target of $85.25.

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.