Entergy Corporation (NYSE:ETR) Holdings Lowered by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH trimmed its stake in shares of Entergy Corporation (NYSE:ETR) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,354 shares of the utilities provider’s stock after selling 152 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Entergy were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETR. Fortis Group Advisors LLC raised its position in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. NBT Bank N A NY grew its stake in shares of 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 purchasing an additional 170 shares during the last quarter. Duncker Streett & Co. Inc. grew its stake in shares of 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 purchasing an additional 179 shares during the last quarter. Sandy Spring Bank grew its stake in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Glen Eagle Advisors LLC grew its stake in shares of Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 180 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Down 1.6%

Shares of NYSE:ETR opened at $81.98 on Friday. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $35.31 billion, a PE ratio of 33.67, a PEG ratio of 2.34 and a beta of 0.59. The company has a 50 day moving average price of $82.60 and a two-hundred day moving average price of $81.22.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, May 2nd. Entergy’s payout ratio is presently 77.92%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ETR. Barclays lifted their price objective on shares of Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Entergy in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective 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. BMO Capital Markets raised their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, Evercore ISI raised their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.04.

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.