First Bank & Trust Has $2.16 Million Stake in Entergy Co. (NYSE:ETR)

First Bank & Trust boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 10.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,424 shares of the utilities provider’s stock after buying an additional 1,983 shares during the period. First Bank & Trust’s holdings in Entergy were worth $2,158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tidemark LLC bought a new stake in Entergy in the fourth quarter valued at about $25,000. Fortis Group Advisors LLC bought a new position in shares of Entergy during the 3rd quarter worth approximately $32,000. OLD Point Trust & Financial Services N A acquired a new stake in Entergy in the 4th quarter valued at $35,000. CVA Family Office LLC bought a new stake in Entergy in the fourth quarter valued at $41,000. Finally, Atlas Capital Advisors LLC raised its stake in Entergy by 182.9% during the first quarter. Atlas Capital Advisors LLC now owns 396 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 256 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the topic of several recent analyst reports. KeyCorp boosted their target price on shares of Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Morgan Stanley dropped their price objective on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a report on Monday, June 24th. Wells Fargo & Company lifted their target price on shares of Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Mizuho raised their price target on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, May 31st. Finally, BMO Capital Markets boosted their price objective on Entergy from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.73.

Entergy Trading Up 0.2 %

Shares of NYSE ETR traded up $0.24 during mid-day trading on Friday, hitting $107.00. The company’s stock had a trading volume of 2,553,346 shares, compared to its average volume of 1,711,242. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 2.02 and a beta of 0.73. The company’s fifty day simple moving average is $108.89 and its 200-day simple moving average is $104.31. Entergy Co. has a one year low of $87.10 and a one year high of $114.28.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The business had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. Entergy’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 earnings per share. On average, sell-side analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd were given a dividend of $1.13 per share. The ex-dividend date was Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.22%. Entergy’s payout ratio is currently 45.34%.

Insider Activity

In other news, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the transaction, the insider now directly owns 2,479 shares of the company’s stock, valued at $273,260.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the sale, the insider now owns 2,479 shares of the company’s stock, valued at $273,260.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at $235,465.86. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by company insiders.

Entergy Company Profile

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.