Trustmark National Bank Trust Department Cuts Stock Holdings in Entergy Co. (NYSE:ETR)

Trustmark National Bank Trust Department decreased its holdings in shares of Entergy Co. (NYSE:ETR) by 8.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,815 shares of the utilities provider’s stock after selling 250 shares during the period. Trustmark National Bank Trust Department’s holdings in Entergy were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. CWM LLC grew its position in shares of Entergy by 15.6% in the 4th quarter. CWM LLC now owns 14,747 shares of the utilities provider’s stock worth $1,492,000 after buying an additional 1,989 shares during the last quarter. Financial Counselors Inc. grew its position in shares of Entergy by 28.9% in the 4th quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider’s stock worth $16,129,000 after buying an additional 35,718 shares during the last quarter. Brendel Financial Advisors LLC purchased a new position in shares of Entergy in the 4th quarter worth approximately $1,782,000. State Board of Administration of Florida Retirement System grew its position in shares of Entergy by 6.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after buying an additional 13,882 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its position in shares of Entergy by 11.1% in the 4th quarter. Cetera Advisor Networks LLC now owns 55,261 shares of the utilities provider’s stock worth $5,592,000 after buying an additional 5,509 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

NYSE ETR traded down $0.38 on Tuesday, hitting $110.64. The company had a trading volume of 297,909 shares, compared to its average volume of 1,508,455. The company has a market capitalization of $23.63 billion, a PE ratio of 11.10, a PEG ratio of 2.09 and a beta of 0.71. The company’s fifty day moving average price is $108.54 and its 200-day moving average price is $105.00. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $114.28.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). The company had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. Entergy’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. As a group, analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 1,500 shares of the company’s 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 completion of 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 Securities & Exchange Commission, which is available through this link. In other news, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the sale, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at $235,465.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the sale, the insider now directly owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday. LADENBURG THALM/SH SH reiterated a “neutral” rating and issued a $109.50 target price (down from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Morgan Stanley lowered their target price on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a research note on Monday, June 24th. Mizuho lifted their target price on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Wells Fargo & Company lifted their target price on shares of Entergy from $122.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.42.

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.