Hancock Whitney Corp Lowers Stake in Entergy Co. (NYSE:ETR)

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Hancock Whitney Corp lessened its position in shares of Entergy Co. (NYSE:ETR) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,611 shares of the utilities provider’s stock after selling 5,241 shares during the period. Hancock Whitney Corp’s holdings in Entergy were worth $1,870,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. NuWave Investment Management LLC grew its position in Entergy by 957.1% during the third quarter. NuWave Investment Management LLC now owns 296 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 268 shares during the period. Private Ocean LLC purchased a new stake in shares of Entergy in the third quarter worth about $35,000. Thor Advisors LLC purchased a new stake in shares of Entergy in the third quarter worth about $52,000. Selective Wealth Management Inc. purchased a new stake in shares of Entergy in the third quarter worth about $58,000. Finally, Global Retirement Partners LLC boosted its position in shares of Entergy by 170.7% in the third quarter. Global Retirement Partners LLC now owns 509 shares of the utilities provider’s stock worth $60,000 after buying an additional 321 shares during the period. 86.21% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on ETR shares. UBS Group downgraded Entergy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $115.00 to $126.00 in a research report on Thursday, October 31st. Morgan Stanley upped their target price on Entergy from $119.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Citigroup upped their target price on Entergy from $134.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. KeyCorp upped their target price on Entergy from $128.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Mizuho reaffirmed a “buy” rating and issued a $123.00 target price (up previously from $121.00) on shares of Entergy in a research report on Monday, December 23rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $121.64.

NYSE:ETR opened at $134.13 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.53 and a current ratio of 0.72. Entergy Co. has a one year low of $88.83 and a one year high of $134.49. The business’s 50-day simple moving average is $125.84 and its 200 day simple moving average is $117.66. The stock has a market cap of $26.53 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 3.41 and a beta of 0.25.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, February 12th. Entergy’s payout ratio is currently 50.89%.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

Read More: What does an equal weight rating mean?

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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