Parkside Financial Bank & Trust Sells 158 Shares of Entergy Co. (NYSE:ETR)

Parkside Financial Bank & Trust trimmed its stake in shares of Entergy Co. (NYSE:ETR) by 31.5% in the 4th quarter, Holdings Channel reports. The firm owned 344 shares of the utilities provider’s stock after selling 158 shares during the period. Parkside Financial Bank & Trust’s holdings in Entergy were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Entergy by 0.4% during the third quarter. Vanguard Group Inc. now owns 26,038,725 shares of the utilities provider’s stock valued at $2,408,582,000 after buying an additional 104,803 shares during the period. FMR LLC lifted its position in Entergy by 64.4% during the third quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock valued at $422,019,000 after purchasing an additional 1,787,977 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Entergy by 1.1% during the third quarter. Ameriprise Financial Inc. now owns 4,506,843 shares of the utilities provider’s stock valued at $416,883,000 after purchasing an additional 48,047 shares during the period. Federated Hermes Inc. increased its position in Entergy by 9.8% in the fourth quarter. Federated Hermes Inc. now owns 2,904,933 shares of the utilities provider’s stock worth $293,950,000 after buying an additional 258,806 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Entergy by 16.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,506,022 shares of the utilities provider’s stock valued at $231,807,000 after buying an additional 352,847 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ETR. Royal Bank of Canada restated an “outperform” rating and set a $117.00 target price on shares of Entergy in a research note on Monday, February 26th. KeyCorp lifted their target price on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Barclays decreased their price target on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. BMO Capital Markets upped their price objective on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Finally, Scotiabank cut their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $109.45.

Insider Buying and Selling at Entergy

In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the transaction, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the sale, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $1,226,685 over the last 90 days. Company insiders own 0.39% of the company’s stock.

Entergy Stock Performance

NYSE ETR opened at $106.50 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.32. Entergy Co. has a 1-year low of $87.10 and a 1-year high of $108.81. The business has a 50 day simple moving average of $103.41 and a two-hundred day simple moving average of $100.67. The stock has a market capitalization of $22.71 billion, a PE ratio of 10.68, a P/E/G ratio of 2.13 and a beta of 0.71.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The business had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. On average, research analysts predict that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.24%. Entergy’s dividend payout ratio is presently 45.34%.

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.