Bank of Stockton Acquires 4,043 Shares of Entergy Corporation (NYSE:ETR)

Bank of Stockton grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 101.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,041 shares of the utilities provider’s stock after acquiring an additional 4,043 shares during the period. Bank of Stockton’s holdings in Entergy were worth $610,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ETR. Fortis Group Advisors LLC raised its stake in shares of 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 during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Entergy during the third quarter valued at $27,000. Fortitude Family Office LLC raised its stake in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 178 shares during the last quarter. IFS Advisors LLC bought a new position in shares of Entergy during the fourth quarter valued at $30,000. Finally, Ulland Investment Advisors LLC raised its stake in shares of Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ETR has been the subject of several analyst reports. Evercore ISI raised their price target on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday. Scotiabank lowered 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 note on Tuesday, January 7th. UBS Group lifted their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Finally, KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $82.14.

Entergy Stock Down 1.7 %

Shares of NYSE ETR opened at $85.82 on Friday. The stock has a market capitalization of $36.94 billion, a P/E ratio of 35.24, a P/E/G ratio of 2.66 and a beta of 0.72. The company has a 50-day moving average price of $79.24 and a 200-day moving average price of $71.30. Entergy Corporation has a 1 year low of $49.80 and a 1 year high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

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

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.80%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 98.56%.

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.