Entergy Corporation (NYSE:ETR) Shares Purchased by Intrust Bank NA

Intrust Bank NA grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 106.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,203 shares of the utilities provider's stock after purchasing an additional 10,402 shares during the period. Intrust Bank NA's holdings in Entergy were worth $1,532,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in Entergy in the fourth quarter worth about $4,393,000. Flagship Harbor Advisors LLC boosted 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 valued at $603,000 after buying an additional 3,393 shares during the last quarter. LaFleur & Godfrey LLC purchased a new position in shares of Entergy in the fourth quarter valued at $217,000. Avior Wealth Management LLC increased its holdings in shares of Entergy by 324.3% in the 4th quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock worth $56,000 after buying an additional 561 shares during the last quarter. Finally, Braun Stacey Associates Inc. raised its position in Entergy by 88.8% during the fourth quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider's stock valued at $27,333,000 after purchasing an additional 169,511 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Price Performance

ETR traded up $0.55 during trading on Wednesday, reaching $86.21. 1,051,850 shares of the stock were exchanged, compared to its average volume of 3,587,547. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The company has a market capitalization of $37.14 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The business's 50 day moving average price is $83.45 and its two-hundred day moving average price is $76.28.

Remove Ads

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the business earned $0.26 earnings per share. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Monday, February 10th. Entergy's payout ratio is currently 98.77%.

Analyst Ratings Changes

A number of research firms recently commented on ETR. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target for the company in a research note on Thursday, January 30th. Wells Fargo & Company upped their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. UBS Group increased their target price on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. BMO Capital Markets upped their price target on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, Scotiabank lowered their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Entergy currently has an average rating of "Moderate Buy" and an average price target of $84.75.

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.