National Bank of Canada FI Has $36.08 Million Stock Holdings in Entergy Co. (NYSE:ETR)

National Bank of Canada FI grew its position in Entergy Co. (NYSE:ETR) by 57.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 350,661 shares of the utilities provider’s stock after purchasing an additional 127,989 shares during the period. National Bank of Canada FI’s holdings in Entergy were worth $36,075,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ETR shares. Barclays decreased their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research 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 report on Monday, February 26th. Scotiabank dropped their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. KeyCorp upped their price target on Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $109.45.

Entergy Stock Performance

Entergy stock traded up $0.92 during midday trading on Monday, reaching $109.00. 677,566 shares of the company’s stock were exchanged, compared to its average volume of 1,419,291. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69. The stock’s 50-day simple moving average is $104.02 and its 200 day simple moving average is $101.21. The firm has a market cap of $23.28 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 2.01 and a beta of 0.69. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $109.14.

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

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.15%. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Insider Buying and Selling

In related news, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the sale, the executive vice president now owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,000 shares of company stock valued at $1,226,685. Insiders own 0.54% of the company’s stock.

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.