Intrust Bank NA Has $1.53 Million Position in Entergy Corporation (NYSE:ETR)

Intrust Bank NA lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 106.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,203 shares of the utilities provider’s stock after purchasing an additional 10,402 shares during the quarter. Intrust Bank NA’s holdings in Entergy were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ETR. Strategic Financial Concepts LLC acquired a new position in shares of Entergy during the fourth quarter worth $4,393,000. Flagship Harbor Advisors LLC grew its position in Entergy by 74.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock worth $603,000 after acquiring an additional 3,393 shares during the last quarter. LaFleur & Godfrey LLC acquired a new position in Entergy in the 4th quarter worth about $217,000. Avior Wealth Management LLC raised its position in Entergy by 324.3% in the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 561 shares during the last quarter. Finally, Braun Stacey Associates Inc. boosted its stake in shares of Entergy by 88.8% during the fourth quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider’s stock valued at $27,333,000 after purchasing an additional 169,511 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Trading Up 0.4 %

ETR opened at $84.38 on Friday. The company has a fifty day moving average price of $83.34 and a two-hundred day moving average price of $75.75. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The company has a market cap of $36.35 billion, a P/E ratio of 34.65, 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.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. 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 previous year, the company posted $0.26 EPS. Analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.84%. The ex-dividend date was Monday, February 10th. Entergy’s payout ratio is currently 98.77%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. BMO Capital Markets raised their price target on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Evercore ISI lifted their price target 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. Scotiabank lowered their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.75.

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.