Colonial Trust Co SC Has $345,000 Position in Entergy Corporation (NYSE:ETR)

Colonial Trust Co SC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 100.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,544 shares of the utilities provider’s stock after acquiring an additional 2,274 shares during the quarter. Colonial Trust Co SC’s holdings in Entergy were worth $345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock valued at $3,952,773,000 after purchasing an additional 26,312,267 shares during the period. Bank of America Corp DE grew its position in shares of Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider’s stock valued at $1,334,034,000 after buying an additional 10,347,926 shares during the last quarter. FMR LLC increased its stake in shares of Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock valued at $956,273,000 after buying an additional 5,998,760 shares during the period. Ameriprise Financial Inc. raised its position in shares of Entergy by 71.4% during the fourth quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider’s stock worth $976,895,000 after acquiring an additional 5,368,396 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Entergy by 106.2% in the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock worth $774,103,000 after acquiring an additional 5,271,559 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of ETR stock opened at $84.23 on Thursday. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The firm has a market capitalization of $36.28 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The firm has a fifty day simple moving average of $83.21 and a two-hundred day simple moving average of $79.37. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last posted its earnings results 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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the prior year, the business posted $0.54 EPS. Analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be issued 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 2.85%. Entergy’s dividend payout ratio (DPR) is currently 77.92%.

Wall Street Analyst Weigh In

ETR has been the subject of several analyst reports. UBS Group raised their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, March 21st. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. BMO Capital Markets increased their price target on Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Morgan Stanley reissued an “overweight” rating on shares of Entergy in a research note on Wednesday, April 23rd. Finally, LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.