Entergy Co. (NYSE:ETR) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in shares of Entergy Co. (NYSE:ETR - Free Report) by 197.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,722 shares of the utilities provider's stock after buying an additional 106,039 shares during the period. BNP Paribas Financial Markets owned about 0.08% of Entergy worth $16,162,000 at the end of the most recent quarter.

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

Insider Activity at Entergy

In other news, insider Deanna D. Rodriguez sold 1,500 shares of Entergy stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the sale, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the transaction, the chief accounting officer now owns 2,166 shares of the company's stock, valued at $235,465.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the sale, the insider now owns 3,442 shares of the company's stock, valued at $348,433.66. The disclosure for this sale can be found here. Insiders sold a total of 22,729 shares of company stock worth $2,395,315 in the last quarter. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ETR. KeyCorp lifted their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. BMO Capital Markets boosted their target price on Entergy from $110.00 to $113.00 and gave the stock an "outperform" rating in a research report on Monday, February 26th. Barclays dropped their price target on Entergy from $108.00 to $107.00 and set an "equal weight" rating for the company in a research note on Monday, April 15th. Scotiabank decreased their price objective on Entergy from $111.00 to $104.00 and set a "sector perform" rating on the stock 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $109.45.

Entergy Trading Up 0.7 %

ETR stock traded up $0.78 during mid-day trading on Thursday, reaching $113.37. 1,443,819 shares of the stock traded hands, compared to its average volume of 1,453,297. The business has a 50-day moving average price of $105.61 and a two-hundred day moving average price of $102.20. The stock has a market capitalization of $24.21 billion, a PE ratio of 11.37, a PEG ratio of 2.07 and a beta of 0.69. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69. Entergy Co. has a one year low of $87.10 and a one year high of $113.77.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. Equities research analysts expect that Entergy Co. will post 7.23 EPS for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Wednesday, May 1st. Entergy's dividend payout ratio is currently 45.34%.

Entergy Company 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.