Bokf Na Has $308,000 Stock Holdings in Entergy Corporation (NYSE:ETR)

Bokf Na boosted its stake in Entergy Corporation (NYSE:ETR) by 98.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,046 shares of the utilities provider’s stock after buying an additional 2,004 shares during the period. Bokf Na’s holdings in Entergy were worth $308,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Fortis Group Advisors LLC grew its position in shares of Entergy by 100.0% in the fourth 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. NBT Bank N A NY increased its position in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after buying an additional 170 shares during the period. Duncker Streett & Co. Inc. lifted its holdings in shares of Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares in the last quarter. Sandy Spring Bank boosted its position in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 179 shares during the period. Finally, Riverview Trust Co grew its stake in shares of Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 182 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Performance

NYSE ETR opened at $82.86 on Friday. The firm’s fifty day moving average price is $83.07 and its two-hundred day moving average price is $79.66. The stock has a market cap of $35.69 billion, a PE ratio of 34.03, a PEG ratio of 2.34 and a beta of 0.62. 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 Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.22. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the previous year, the company posted $0.54 EPS. On average, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.90%. Entergy’s dividend payout ratio is presently 77.92%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Barclays boosted their price target on Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research note on Thursday, January 30th. BMO Capital Markets upped their target price on Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Finally, UBS Group raised their price target on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.75.

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.