Bank of Stockton Purchases 401 Shares of Entergy Corporation (NYSE:ETR)

Bank of Stockton increased its position in Entergy Corporation (NYSE:ETR) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,442 shares of the utilities provider’s stock after purchasing an additional 401 shares during the period. Bank of Stockton’s holdings in Entergy were worth $722,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. NBT Bank N A NY raised its holdings 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 purchasing an additional 170 shares during the period. 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 acquiring an additional 179 shares in the last quarter. Sandy Spring Bank increased its position in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the period. Glen Eagle Advisors LLC boosted its stake in Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 180 shares in the last quarter. Finally, Riverview Trust Co boosted 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 purchasing an additional 182 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BMO Capital Markets upped their price target on shares of Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Barclays upped their target price on Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Raymond James Financial initiated coverage on shares of Entergy in a report on Friday, June 13th. They set a “market perform” rating on the stock. Finally, KeyCorp raised shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective for the company in a report on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.25.

Entergy Price Performance

ETR stock opened at $81.40 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The business has a 50 day moving average price of $82.66 and a 200 day moving average price of $81.45. The stock has a market cap of $35.06 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 2.26 and a beta of 0.59.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period in the previous year, the company earned $0.54 earnings per share. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.95%. The ex-dividend date was Friday, May 2nd. Entergy’s dividend payout ratio is presently 77.92%.

Entergy Company 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.