Trust Co. of Toledo NA OH Trims Stock Position in Entergy Corporation $ETR

Trust Co. of Toledo NA OH lowered its stake in shares of Entergy Corporation (NYSE:ETR) by 6.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 20,980 shares of the utilities provider’s stock after selling 1,374 shares during the period. Trust Co. of Toledo NA OH’s holdings in Entergy were worth $1,744,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock valued at $4,687,331,000 after acquiring an additional 2,695,348 shares during the period. Ameriprise Financial Inc. grew its position in shares of Entergy by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider’s stock valued at $1,126,244,000 after acquiring an additional 289,468 shares during the period. Northern Trust Corp grew its position in shares of Entergy by 3.4% during the 1st quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider’s stock valued at $370,488,000 after acquiring an additional 143,187 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Entergy by 15.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,466 shares of the utilities provider’s stock valued at $284,380,000 after acquiring an additional 454,059 shares during the period. Finally, Boston Partners grew its position in shares of Entergy by 0.4% during the 1st quarter. Boston Partners now owns 3,229,814 shares of the utilities provider’s stock valued at $276,101,000 after acquiring an additional 14,068 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ETR shares. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research report on Wednesday. Barclays set a $100.00 target price on Entergy and gave the company an “overweight” rating in a research report on Monday. Jefferies Financial Group started coverage on Entergy in a research report on Thursday, September 4th. They set a “buy” rating and a $109.00 target price on the stock. Evercore ISI set a $98.00 price objective on Entergy and gave the stock an “in-line” rating in a report on Monday. Finally, Morgan Stanley lowered their price objective on Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

Entergy Trading Down 0.4%

ETR stock opened at $95.19 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12-month low of $64.72 and a 12-month high of $98.58. The stock has a market cap of $42.49 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.60 and a beta of 0.62. The business’s 50-day moving average is $90.45 and its 200 day moving average is $85.70.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The company had revenue of $2.37 billion for the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%. On average, sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, August 13th. Entergy’s payout ratio is currently 59.85%.

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.