Keybank National Association OH Has $491,000 Stock Position in Entergy Corporation (NYSE:ETR)

Keybank National Association OH boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 132.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,470 shares of the utilities provider’s stock after buying an additional 3,687 shares during the period. Keybank National Association OH’s holdings in Entergy were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in Entergy in the 3rd quarter worth about $27,000. Coastline Trust Co acquired a new position in Entergy in the 3rd quarter worth about $31,000. Ashton Thomas Securities LLC acquired a new position in Entergy in the 3rd quarter worth about $42,000. Fortis Group Advisors LLC increased its position in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its position in 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 purchasing an additional 179 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction that occurred 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 of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI upped their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. UBS Group upped their target price on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target for the company in a research note on Thursday, January 30th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Finally, Scotiabank decreased their price target 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. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.14.

Entergy Stock Performance

ETR opened at $81.23 on Monday. The firm has a market capitalization of $34.96 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The stock’s 50 day moving average price is $81.40 and its two-hundred day moving average price is $73.50. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the firm posted $0.26 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Monday, February 10th. 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.