Entergy Corporation (NYSE:ETR) Shares Sold by Park Place Capital Corp

Park Place Capital Corp lessened its stake in Entergy Corporation (NYSE:ETR) by 17.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,346 shares of the utilities provider’s stock after selling 700 shares during the period. Park Place Capital Corp’s holdings in Entergy were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. NBT Bank N A NY boosted its stake in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. Grove Bank & Trust boosted its stake in Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 230 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in Entergy by 100.0% in the fourth 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 in the last quarter. Sandy Spring Bank boosted its stake in 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 in the last quarter. Finally, Glen Eagle Advisors LLC boosted its stake in Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 0.8%

Shares of Entergy stock opened at $82.50 on Friday. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. The stock has a market cap of $35.54 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.59. The company has a 50-day moving average of $82.62 and a two-hundred day moving average of $81.56.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. Entergy had a net margin of 11.26% and a return on equity of 11.43%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company posted $0.54 earnings per share. On average, research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were issued a $0.60 dividend. The ex-dividend date was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. Entergy’s dividend payout ratio (DPR) is presently 77.92%.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of research reports. JPMorgan Chase & Co. upped 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. Morgan Stanley reduced their target price on shares of Entergy from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. KeyCorp raised shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 target price for the company in a report on Wednesday, May 14th. Barclays upped their target price on shares of Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, UBS Group increased 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. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.25.

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.