Glenview Trust co Grows Position in Entergy Corporation (NYSE:ETR)

Glenview Trust co lifted its holdings in shares of Entergy Corporation (NYSE:ETR) by 98.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,288 shares of the utilities provider’s stock after purchasing an additional 2,128 shares during the quarter. Glenview Trust co’s holdings in Entergy were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Fortis Group Advisors LLC grew its holdings in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. NBT Bank N A NY grew its holdings in shares of Entergy by 100.0% during 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. Legacy Investment Solutions LLC purchased a new position in shares of Entergy during the 3rd quarter worth $27,000. Duncker Streett & Co. Inc. grew its holdings in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the period. Finally, Riverview Trust Co lifted its stake in Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 182 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ETR has been the topic of several research reports. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a research note on Thursday, January 30th. Wells Fargo & Company increased their target price on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI increased their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. UBS Group increased their target price on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Scotiabank decreased their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.11.

Entergy Price Performance

Shares of NYSE ETR opened at $85.53 on Tuesday. The stock’s 50-day simple moving average is $82.28 and its 200-day simple moving average is $74.50. The firm has a market capitalization of $36.81 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter last year, the business posted $0.26 EPS. As a group, 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 was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.81%. Entergy’s dividend payout ratio is presently 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.