Entergy Corporation (NYSE:ETR) Shares Acquired by Morton Community Bank

Morton Community Bank increased its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 101.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,901 shares of the utilities provider's stock after purchasing an additional 32,613 shares during the period. Entergy accounts for about 1.3% of Morton Community Bank's holdings, making the stock its 14th biggest position. Morton Community Bank's holdings in Entergy were worth $4,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fortis Group Advisors LLC raised its holdings in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares during the last quarter. NBT Bank N A NY increased its position in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in Entergy during the 3rd quarter worth about $27,000. Duncker Streett & Co. Inc. raised its stake in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Riverview Trust Co lifted its holdings in Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

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Entergy Trading Up 2.6 %

NYSE ETR traded up $2.07 during mid-day trading on Tuesday, hitting $82.53. The company's stock had a trading volume of 3,253,000 shares, compared to its average volume of 3,239,842. The firm has a market capitalization of $35.52 billion, a P/E ratio of 33.92, a price-to-earnings-growth 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. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The stock's fifty day simple moving average is $81.49 and its two-hundred day simple moving average is $73.65.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results 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 net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the firm posted $0.26 EPS. Research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. Entergy's dividend payout ratio is currently 98.77%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ETR shares. JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday. Wells Fargo & Company boosted their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. UBS Group raised their price objective on Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. BMO Capital Markets upped their target price on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.11.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares of the company's stock, valued at $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

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.