Trustmark National Bank Trust Department Raises Holdings in Entergy Corporation (NYSE:ETR)

Trustmark National Bank Trust Department boosted its stake in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,996 shares of the utilities provider’s stock after acquiring an additional 2,998 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Entergy were worth $455,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ETR. SageView Advisory Group LLC raised its position in shares of Entergy by 98.6% in the fourth quarter. SageView Advisory Group LLC now owns 9,126 shares of the utilities provider’s stock worth $692,000 after acquiring an additional 4,530 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Entergy by 85.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,178 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 1,931 shares in the last quarter. Synovus Financial Corp raised its holdings in Entergy by 167.8% in the 4th quarter. Synovus Financial Corp now owns 11,432 shares of the utilities provider’s stock worth $867,000 after purchasing an additional 7,163 shares during the period. Advisors Capital Management LLC purchased a new position in Entergy during the fourth quarter worth approximately $217,000. Finally, TCM Advisors LLC grew its holdings in Entergy by 75.3% in the fourth quarter. TCM Advisors LLC now owns 14,200 shares of the utilities provider’s stock valued at $1,077,000 after purchasing an additional 6,100 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ETR shares. JPMorgan Chase & Co. increased their target price on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Evercore ISI increased their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Barclays boosted their target price on shares of Entergy from $79.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Morgan Stanley raised their price target on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Finally, Scotiabank cut their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, nine have issued 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 a consensus target price of $85.25.

Entergy Stock Performance

Shares of Entergy stock opened at $82.56 on Tuesday. 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 business’s 50 day moving average price is $83.48 and its 200 day moving average price is $77.47. The company has a market cap of $35.56 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.34 and a beta of 0.56. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38.

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

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.91%. Entergy’s dividend payout ratio is currently 98.77%.

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.