Entergy Co. (NYSE:ETR) Stock Holdings Increased by National Bank of Canada FI

National Bank of Canada FI grew its position in Entergy Co. (NYSE:ETR - Free Report) by 57.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,661 shares of the utilities provider's stock after buying an additional 127,989 shares during the quarter. National Bank of Canada FI owned 0.17% of Entergy worth $36,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ETR. FMR LLC grew its stake in shares of Entergy by 64.4% in the third quarter. FMR LLC now owns 4,562,369 shares of the utilities provider's stock valued at $422,019,000 after buying an additional 1,787,977 shares in the last quarter. Bank of Nova Scotia grew its stake in Entergy by 2,786.9% during the 3rd quarter. Bank of Nova Scotia now owns 492,613 shares of the utilities provider's stock worth $45,567,000 after purchasing an additional 475,549 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Entergy by 220.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,186 shares of the utilities provider's stock worth $69,334,000 after acquiring an additional 471,291 shares in the last quarter. Truist Financial Corp boosted its position in shares of Entergy by 312.3% during the 4th quarter. Truist Financial Corp now owns 573,023 shares of the utilities provider's stock worth $57,984,000 after acquiring an additional 434,046 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Entergy by 16.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,506,022 shares of the utilities provider's stock worth $231,807,000 after acquiring an additional 352,847 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

ETR traded up $0.95 on Monday, hitting $109.03. 2,559,486 shares of the company traded hands, compared to its average volume of 1,441,224. The company has a 50 day moving average of $104.20 and a 200-day moving average of $101.32. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $23.28 billion, a PE ratio of 10.94, a PEG ratio of 2.01 and a beta of 0.69. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $109.38.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). The company had revenue of $31.17 billion for the quarter, compared to analysts' expectations of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The firm's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 earnings per share. Sell-side analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy's dividend payout ratio is presently 45.34%.

Insider Buying and Selling at Entergy

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock valued at $1,226,685 in the last ninety days. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

ETR has been the subject of several analyst reports. BMO Capital Markets upped their price objective on Entergy from $110.00 to $113.00 and gave the stock an "outperform" rating in a research report on Monday, February 26th. Barclays lowered their price objective on Entergy from $108.00 to $107.00 and set an "equal weight" rating for the company in a research report on Monday, April 15th. KeyCorp upped their price objective on Entergy from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Scotiabank reduced their target price on Entergy from $111.00 to $104.00 and set a "sector perform" rating for the company in a report on Monday, April 22nd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $117.00 target price on shares of Entergy in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $109.45.

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.