NBT Bank N A NY Raises Stock Holdings in Entergy Corporation (NYSE:ETR)

NBT Bank N A NY grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 340 shares of the utilities provider’s stock after purchasing an additional 170 shares during the quarter. NBT Bank N A NY’s holdings in Entergy were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ETR. Fortis Group Advisors LLC increased its position in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Entergy during the 3rd quarter valued at approximately $27,000. Duncker Streett & Co. Inc. grew its stake in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 179 shares during the period. Riverview Trust Co grew its stake in shares of Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 182 shares during the period. Finally, IFS Advisors LLC bought a new position in shares of Entergy during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE:ETR opened at $82.31 on Wednesday. The stock’s fifty day moving average is $81.62 and its 200 day moving average is $73.81. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The firm has a market capitalization of $35.43 billion, a PE ratio of 33.80, a PEG ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.92%. Entergy’s payout ratio is presently 98.77%.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Scotiabank cut their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company upped their price target on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. UBS Group upped their price target on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Finally, JPMorgan Chase & Co. upped their price target on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

Entergy 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.