Entergy Corporation (NYSE:ETR) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,998 shares of the utilities provider’s stock after selling 159 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Entergy were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Entergy by 7.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 33,768 shares of the utilities provider’s stock valued at $4,444,000 after purchasing an additional 2,287 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Entergy by 8.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 39,512 shares of the utilities provider’s stock worth $5,200,000 after purchasing an additional 3,106 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Entergy by 24.4% during the 3rd quarter. Jennison Associates LLC now owns 1,012,083 shares of the utilities provider’s stock worth $133,200,000 after buying an additional 198,391 shares during the period. Segall Bryant & Hamill LLC bought a new position in Entergy in the 3rd quarter valued at $3,001,000. Finally, Prospera Private Wealth LLC raised its position in shares of Entergy by 3.2% during the third quarter. Prospera Private Wealth LLC now owns 5,467 shares of the utilities provider’s stock worth $720,000 after acquiring an additional 170 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Entergy news, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the sale, the insider now directly owns 5,117 shares of the company’s stock, valued at $614,040. The trade was a 50.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 4,134 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $149.03, for a total transaction of $616,090.02. Following the completion of the sale, the insider now owns 2,016 shares of the company’s stock, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock worth $5,076,328 in the last 90 days. 0.39% of the stock is owned by company insiders.

Entergy Stock Performance

Shares of Entergy stock opened at $151.93 on Friday. The firm has a market capitalization of $32.57 billion, a P/E ratio of 18.50, a P/E/G ratio of 2.50 and a beta of 0.71. Entergy Corporation has a 52 week low of $96.15 and a 52 week high of $156.85. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The firm’s 50 day moving average is $137.26 and its two-hundred day moving average is $121.21.

Entergy (NYSE:ETR) last released its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter last year, the company earned $3.27 earnings per share. Research analysts forecast that Entergy Corporation will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.16%. This is a boost from Entergy’s previous quarterly dividend of $1.13. Entergy’s payout ratio is presently 58.47%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ETR. JPMorgan Chase & Co. boosted their target price on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Scotiabank raised their target price on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $138.00 to $154.00 in a research report on Monday, November 4th. KeyCorp raised their target price on Entergy from $143.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Five 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $150.42.

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.