First Citizens Bank & Trust Co. Sells 5,076 Shares of Entergy Corporation (NYSE:ETR)

First Citizens Bank & Trust Co. lessened its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 29.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,390 shares of the utilities provider's stock after selling 5,076 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Entergy were worth $1,059,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Gen Wealth Partners Inc boosted its holdings in Entergy by 27.5% in the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 144 shares during the period. NBT Bank N A NY increased its holdings 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 buying an additional 170 shares in the last quarter. Fortis Group Advisors LLC raised 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 buying an additional 172 shares during the last quarter. Legacy Investment Solutions LLC grew its stake in shares of Entergy by 85.1% in the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock valued at $31,000 after buying an additional 172 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group upped their target price on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. BMO Capital Markets boosted their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Barclays raised their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, Evercore ISI upped their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $86.04.

Entergy Price Performance

Entergy stock traded up $0.70 during trading hours on Thursday, hitting $82.85. 637,106 shares of the stock were exchanged, compared to its average volume of 3,594,270. The business's 50-day moving average is $82.46 and its two-hundred day moving average is $81.12. The stock has a market capitalization of $35.69 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.34 and a beta of 0.59. 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 12 month low of $52.07 and a 12 month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the company posted $0.54 EPS. Equities research 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 was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. Entergy's payout ratio is presently 77.92%.

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.