Moody National Bank Trust Division Buys New Position in Entergy Co. (ETR)

Moody National Bank Trust Division bought a new stake in Entergy Co. (NYSE:ETR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,000 shares of the utilities provider’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brookstone Capital Management raised its position in shares of Entergy by 14.1% in the third quarter. Brookstone Capital Management now owns 50,814 shares of the utilities provider’s stock valued at $3,899,000 after buying an additional 6,289 shares in the last quarter. Foster & Motley Inc. raised its position in shares of Entergy by 157.1% in the third quarter. Foster & Motley Inc. now owns 46,580 shares of the utilities provider’s stock valued at $3,574,000 after buying an additional 28,461 shares in the last quarter. BlackRock Advisors LLC raised its position in shares of Entergy by 2.7% in the third quarter. BlackRock Advisors LLC now owns 191,783 shares of the utilities provider’s stock valued at $14,716,000 after buying an additional 5,125 shares in the last quarter. United Services Automobile Association raised its position in shares of Entergy by 16.6% in the third quarter. United Services Automobile Association now owns 544,756 shares of the utilities provider’s stock valued at $41,799,000 after buying an additional 77,442 shares in the last quarter. Finally, Westpac Banking Corp raised its position in shares of Entergy by 0.5% in the third quarter. Westpac Banking Corp now owns 210,124 shares of the utilities provider’s stock valued at $16,123,000 after buying an additional 1,113 shares in the last quarter. 85.60% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

Entergy Co. (NYSE:ETR) traded up 0.96% during mid-day trading on Friday, hitting $76.53. The company had a trading volume of 489,830 shares. Entergy Co. has a 1-year low of $66.71 and a 1-year high of $82.08. The firm’s market capitalization is $13.73 billion. The company has a 50 day moving average of $75.67 and a 200 day moving average of $72.84.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, February 15th. The utilities provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.18. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.94 billion. Entergy had a net margin of 12.20% and a return on equity of 15.70%. During the same period in the previous year, the company earned $1.58 earnings per share. Analysts predict that Entergy Co. will post $4.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 11th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Tuesday, May 9th. Entergy’s dividend payout ratio (DPR) is presently 48.60%.

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ETR has been the subject of several research reports. Royal Bank of Canada reissued a “hold” rating and issued a $75.00 target price on shares of Entergy in a research report on Wednesday, January 4th. Zacks Investment Research raised Entergy from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Wednesday, February 8th. TheStreet lowered Entergy from a “b” rating to a “c” rating in a research report on Wednesday, February 15th. Goldman Sachs Group Inc lowered Entergy from a “buy” rating to a “neutral” rating and set a $76.00 target price for the company. in a research report on Thursday, March 23rd. They noted that the move was a valuation call. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $72.00 target price on shares of Entergy in a research report on Wednesday, April 12th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $76.55.

In other news, EVP Marcus V. Brown sold 4,005 shares of the business’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $75.53, for a total transaction of $302,497.65. Following the sale, the executive vice president now directly owns 24,847 shares of the company’s stock, valued at $1,876,693.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sallie T. Rainer sold 500 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $73.46, for a total transaction of $36,730.00. Following the sale, the insider now directly owns 4,219 shares in the company, valued at $309,927.74. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Entergy Company Profile

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

5 Day Chart for NYSE:ETR

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