Sandy Spring Bank Acquires 179 Shares of Entergy Corporation (NYSE:ETR)

Sandy Spring Bank boosted its position in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 358 shares of the utilities provider’s stock after acquiring an additional 179 shares during the period. Sandy Spring Bank’s holdings in Entergy were worth $27,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Fortis Group Advisors LLC grew its stake in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. NBT Bank N A NY grew its stake in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after buying an additional 170 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in Entergy in the 3rd quarter worth approximately $27,000. Duncker Streett & Co. Inc. grew its stake in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares in the last quarter. Finally, Riverview Trust Co grew its stake in Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 1.1 %

NYSE:ETR opened at $83.74 on Friday. The company has a fifty day moving average of $82.90 and a 200 day moving average of $75.06. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $36.04 billion, a P/E ratio of 34.39, a P/E/G ratio of 2.34 and a beta of 0.68.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.87%. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Wall Street Analyst Weigh In

A number of research firms have commented on ETR. Evercore ISI boosted their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. UBS Group boosted their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday. Finally, StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.75.

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.