First Financial Bankshares Inc Has $227,000 Stake in Entergy Corporation (NYSE:ETR)

First Financial Bankshares Inc increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 97.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,000 shares of the utilities provider’s stock after acquiring an additional 1,480 shares during the quarter. First Financial Bankshares Inc’s holdings in Entergy were worth $227,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Empowered Funds LLC raised its position in shares of Entergy by 40.7% in the third quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock valued at $2,448,000 after purchasing an additional 5,381 shares during the period. Strategic Financial Concepts LLC bought a new position in Entergy in the 4th quarter valued at about $4,393,000. Flagship Harbor Advisors LLC raised its holdings in Entergy by 74.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock valued at $603,000 after acquiring an additional 3,393 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in shares of Entergy during the third quarter worth approximately $32,541,000. Finally, LaFleur & Godfrey LLC acquired a new position in shares of Entergy in the fourth quarter valued at approximately $217,000. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 2.3 %

Shares of Entergy stock opened at $83.46 on Wednesday. The firm has a market capitalization of $35.92 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The firm’s 50 day moving average is $82.43 and its 200 day moving average is $74.66. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the business earned $0.26 earnings per share. Equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ETR shares. Evercore ISI lifted their price target on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Scotiabank reduced their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. UBS Group boosted their price objective on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.11.

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.