Entergy Corporation (NYSE:ETR) Shares Acquired by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A boosted its holdings in Entergy Corporation (NYSE:ETR) by 100.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 700 shares of the utilities provider’s stock after purchasing an additional 350 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Entergy were worth $53,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ETR. OneDigital Investment Advisors LLC increased its holdings in shares of Entergy by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock valued at $451,000 after acquiring an additional 69 shares during the last quarter. Acropolis Investment Management LLC increased its stake in Entergy by 0.8% in the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock valued at $1,163,000 after purchasing an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in Entergy by 0.9% during the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after purchasing an additional 74 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Entergy by 1.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock worth $952,000 after buying an additional 91 shares during the last quarter. Finally, Hall Laurie J Trustee boosted its holdings in shares of Entergy by 50.0% in the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider’s stock valued at $34,000 after buying an additional 150 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Trading Down 0.0 %

NYSE:ETR opened at $84.62 on Friday. The stock has a market capitalization of $36.42 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The stock has a fifty day moving average price of $82.75 and a two-hundred day moving average price of $74.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping 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 the consensus estimate of $3.24 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.84%. Entergy’s dividend payout ratio is presently 98.77%.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Evercore ISI upped their target price on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, 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 note on Wednesday, February 19th. Six equities research 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.32.

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.