Whittier Trust Co. Has $176,000 Position in Entergy Corporation (NYSE:ETR)

Whittier Trust Co. boosted its stake in shares of Entergy Corporation (NYSE:ETR) by 98.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,320 shares of the utilities provider’s stock after buying an additional 1,150 shares during the quarter. Whittier Trust Co.’s holdings in Entergy were worth $176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortis Group Advisors LLC lifted its holdings in 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 buying an additional 172 shares during the period. NBT Bank N A NY raised its position in shares of 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 acquiring an additional 170 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Entergy in the 3rd quarter worth about $27,000. Duncker Streett & Co. Inc. raised its position in shares of 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. Finally, Sandy Spring Bank raised its position in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 179 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ETR shares. Scotiabank lowered their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lifted their price objective on Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. UBS Group boosted their target price on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets boosted their target price on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $84.75.

Entergy Stock Performance

Shares of ETR opened at $83.74 on Monday. 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 stock has a 50 day moving average price of $82.90 and a two-hundred day moving average price of $75.16. The firm has a market capitalization of $36.07 billion, a P/E ratio of 34.39, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the company posted $0.26 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.87%. Entergy’s payout ratio is presently 98.77%.

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.