Fulton Bank N.A. Has $1.44 Million Holdings in Entergy Co. (NYSE:ETR)

Fulton Bank N.A. cut its stake in Entergy Co. (NYSE:ETR) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,249 shares of the utilities provider’s stock after selling 161 shares during the period. Fulton Bank N.A.’s holdings in Entergy were worth $1,442,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Entergy by 157.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after buying an additional 165 shares in the last quarter. Fairfield Bush & CO. bought a new stake in Entergy during the 1st quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Entergy during the 3rd quarter worth approximately $32,000. Fortis Group Advisors LLC bought a new stake in Entergy during the 3rd quarter worth approximately $32,000. Finally, Harbour Investments Inc. grew its position in Entergy by 17,550.0% during the 3rd quarter. Harbour Investments Inc. now owns 353 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 351 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the sale, the executive vice president now owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the sale, the executive vice president now directly owns 16,037 shares in the company, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock valued at $1,226,685 in the last 90 days. 0.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on ETR. Royal Bank of Canada restated an “outperform” rating and set a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. BMO Capital Markets increased their price target on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Finally, Barclays increased their price objective on Entergy from $105.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.60.

Entergy Stock Down 0.1 %

Shares of ETR opened at $104.23 on Friday. The business’s fifty day moving average price is $101.73 and its two-hundred day moving average price is $99.48. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.06 and a beta of 0.71. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $111.90.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.27 billion. Entergy had a return on equity of 10.54% and a net margin of 19.41%. During the same quarter in the prior year, the business posted $0.51 EPS. On average, analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Thursday, February 8th. Entergy’s dividend payout ratio (DPR) is currently 40.76%.

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.