Entergy Co. (NYSE:ETR) Shares Purchased by Trust Co. of Vermont

Trust Co. of Vermont raised its position in Entergy Co. (NYSE:ETR) by 204.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 745 shares of the utilities provider’s stock after acquiring an additional 500 shares during the period. Trust Co. of Vermont’s holdings in Entergy were worth $80,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ETR. Mather Group LLC. lifted its position in Entergy by 12.3% during the second quarter. Mather Group LLC. now owns 5,038 shares of the utilities provider’s stock valued at $532,000 after buying an additional 553 shares in the last quarter. Bank & Trust Co acquired a new stake in Entergy in the 2nd quarter valued at about $75,000. DNB Asset Management AS raised its holdings in Entergy by 3.4% during the 2nd quarter. DNB Asset Management AS now owns 47,609 shares of the utilities provider’s stock worth $5,094,000 after buying an additional 1,574 shares during the period. Partnership Wealth Management LLC acquired a new position in shares of Entergy in the 2nd quarter valued at about $193,000. Finally, Marcum Wealth LLC increased its holdings in Entergy by 16.1% in the second quarter. Marcum Wealth LLC now owns 3,955 shares of the utilities provider’s stock worth $423,000 after buying an additional 547 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR traded up $1.38 during mid-day trading on Wednesday, hitting $117.54. The stock had a trading volume of 941,321 shares, compared to its average volume of 1,519,354. The firm has a market cap of $25.10 billion, a P/E ratio of 11.82, a PEG ratio of 2.29 and a beta of 0.71. The business has a fifty day moving average price of $109.38 and a 200-day moving average price of $105.99. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.45. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $123.61.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the business earned $1.84 earnings per share. On average, equities research analysts expect that Entergy Co. will post 7.21 EPS for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, August 13th. Entergy’s payout ratio is 45.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ETR. Wells Fargo & Company upped their target price on Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. LADENBURG THALM/SH SH restated 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. KeyCorp upped their target price on Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Barclays dropped their price objective on Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Finally, BMO Capital Markets increased their price objective on Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday. 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.19.

Entergy 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.