Bokf Na Sells 1,474 Shares of Entergy Co. (NYSE:ETR)

Bokf Na lessened its stake in Entergy Co. (NYSE:ETR – Free Report) by 36.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,535 shares of the utilities provider’s stock after selling 1,474 shares during the period. Bokf Na’s holdings in Entergy were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ETR. Federated Hermes Inc. lifted its stake in shares of Entergy by 25,465.1% in the first quarter. Federated Hermes Inc. now owns 2,398,774 shares of the utilities provider’s stock valued at $258,444,000 after buying an additional 2,389,391 shares during the period. State Street Corp lifted its stake in shares of Entergy by 8.1% in the first quarter. State Street Corp now owns 12,122,596 shares of the utilities provider’s stock valued at $1,415,313,000 after buying an additional 908,932 shares during the period. Millennium Management LLC raised its stake in shares of Entergy by 86.0% in the 4th quarter. Millennium Management LLC now owns 1,633,335 shares of the utilities provider’s stock valued at $183,750,000 after buying an additional 754,971 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Entergy by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 23,663,740 shares of the utilities provider’s stock worth $2,762,741,000 after acquiring an additional 650,775 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Entergy by 23.5% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,390,118 shares of the utilities provider’s stock valued at $365,251,000 after acquiring an additional 645,598 shares in the last quarter. Institutional investors own 86.52% of the company’s stock.

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Entergy Stock Down 1.0 %

NYSE ETR opened at $94.34 on Friday. The stock has a market capitalization of $19.95 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.52 and a beta of 0.65. Entergy Co. has a 52 week low of $93.52 and a 52 week high of $122.11. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a fifty day moving average of $98.27 and a 200-day moving average of $102.28.

Entergy (NYSE:ETR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Entergy had a return on equity of 10.22% and a net margin of 10.22%. During the same quarter last year, the business earned $1.78 earnings per share. On average, equities research analysts forecast that Entergy Co. will post 6.69 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were given a $1.07 dividend. The ex-dividend date was Thursday, August 10th. This represents a $4.28 dividend on an annualized basis and a yield of 4.54%. Entergy’s payout ratio is 65.24%.

Analysts Set New Price Targets

Several research analysts recently issued reports on ETR shares. JPMorgan Chase & Co. increased their price target on shares of Entergy from $121.00 to $124.00 and gave the stock an “overweight” rating in a research report on Thursday, August 17th. Bank of America dropped their target price on Entergy from $119.00 to $107.00 in a report on Sunday, May 21st. Guggenheim decreased their price target on Entergy from $124.00 to $110.00 in a research note on Friday, July 7th. StockNews.com initiated coverage on Entergy in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Morgan Stanley reduced their target price on shares of Entergy from $102.00 to $94.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $114.42.

View Our Latest Research Report on ETR

About Entergy

(Free Report)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

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