Bank OZK Purchases 3,965 Shares of Entergy Corporation (NYSE:ETR)

Bank OZK lifted its position in Entergy Corporation (NYSE:ETR) by 100.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,930 shares of the utilities provider’s stock after acquiring an additional 3,965 shares during the period. Bank OZK’s holdings in Entergy were worth $601,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in 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 increased its position in Entergy by 139.5% during the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock valued at $183,754,000 after buying an additional 1,411,473 shares in the last quarter. JPMorgan Chase & Co. increased its position in Entergy by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after buying an additional 1,354,355 shares in the last quarter. Bank of New York Mellon Corp increased its position in Entergy by 87.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,848,293 shares of the utilities provider’s stock valued at $215,958,000 after buying an additional 1,328,694 shares in the last quarter. Finally, Truist Financial Corp increased its position in 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 buying an additional 1,061,527 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of analyst reports. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Mizuho raised their price objective on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research report on Monday, November 4th. UBS Group lifted their target price on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, LADENBURG THALM/SH SH raised 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. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.14.

Entergy Stock Performance

ETR stock opened at $87.29 on Friday. The company has a market cap of $37.57 billion, a P/E ratio of 35.85, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. Entergy Corporation has a 1 year low of $49.80 and a 1 year high of $88.38. 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 stock’s fifty day moving average price is $80.59 and its 200-day moving average price is $72.43.

Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $0.26 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.75%. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was 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. 0.39% of the stock is owned by company 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.