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

First Bank & Trust raised its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 89.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock valued at $754,318,000 after buying an additional 1,981,611 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Entergy by 139.5% during the fourth quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider's stock worth $183,754,000 after acquiring an additional 1,411,473 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock worth $472,444,000 after acquiring an additional 1,354,355 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Entergy by 105.0% during the 4th quarter. Truist Financial Corp now owns 2,072,950 shares of the utilities provider's stock valued at $157,171,000 after purchasing an additional 1,061,527 shares during the last quarter. Finally, Confluence Investment Management LLC raised its position in Entergy by 96.0% in the 4th quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider's stock worth $121,863,000 after purchasing an additional 787,367 shares during the period. Institutional investors own 88.07% of the company's stock.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the transaction, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ETR. Guggenheim upped their price target 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. Barclays raised their price target on Entergy from $68.50 to $76.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Mizuho lifted their price target on Entergy from $69.00 to $82.50 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, UBS Group lifted their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $82.14.

Entergy Trading Down 1.1 %

Shares of NYSE:ETR traded down $0.92 on Friday, hitting $84.94. The company had a trading volume of 4,755,056 shares, compared to its average volume of 3,839,319. Entergy Corporation has a 1 year low of $49.80 and a 1 year high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm's 50-day simple moving average is $79.24 and its two-hundred day simple moving average is $71.30. The firm has a market capitalization of $36.56 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 2.66 and a beta of 0.72.

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

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.83%. The ex-dividend date is Monday, February 10th. Entergy's dividend payout ratio is currently 98.56%.

Entergy 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.