Keybank National Association OH Raises Stock Position in Entergy Corporation (NYSE:ETR)

Keybank National Association OH lifted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 132.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,470 shares of the utilities provider's stock after purchasing an additional 3,687 shares during the period. Keybank National Association OH's holdings in Entergy were worth $491,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in shares of Entergy by 21.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider's stock valued at $129,840,000 after purchasing an additional 174,093 shares during the period. Empowered Funds LLC boosted its stake in Entergy by 40.7% during the third quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider's stock worth $2,448,000 after acquiring an additional 5,381 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Entergy by 4.0% during the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider's stock valued at $36,885,000 after purchasing an additional 10,697 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Entergy during the fourth quarter valued at $4,393,000. Finally, Flagship Harbor Advisors LLC boosted its holdings in Entergy by 74.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after acquiring an additional 3,393 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ETR shares. Wells Fargo & Company boosted their price target on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Scotiabank cut 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 report on Tuesday, January 7th. UBS Group boosted their target price on shares of Entergy from $72.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. BMO Capital Markets increased their price target on shares of Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.11.

Insiders Place Their Bets

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the business's 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 sale, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.39% of the company's stock.

Entergy Stock Performance

Shares of ETR stock traded up $1.19 during trading hours on Tuesday, hitting $81.65. The company's stock had a trading volume of 2,478,536 shares, compared to its average volume of 3,236,447. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a market cap of $35.14 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company has a 50 day moving average of $81.49 and a 200 day moving average of $73.65. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38.

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 analysts' consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $3.24 billion. During the same quarter last year, the company earned $0.26 EPS. On average, sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio (DPR) is 98.77%.

About Entergy

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.