First National Bank of Hutchinson Has $210,000 Stake in Entergy Corp. (ETR)
First National Bank of Hutchinson maintained its stake in shares of Entergy Corp. (NYSE:ETR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,650 shares of the company’s stock at the end of the second quarter. First National Bank of Hutchinson’s holdings in Entergy Corp. were worth $210,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Carnick & Kubik LLC boosted its stake in shares of Entergy Corp. by 0.7% in the first quarter. Carnick & Kubik LLC now owns 8,305 shares of the company’s stock worth $658,000 after buying an additional 60 shares during the period. IBM Retirement Fund boosted its stake in shares of Entergy Corp. by 0.5% in the second quarter. IBM Retirement Fund now owns 21,221 shares of the company’s stock worth $1,802,000 after buying an additional 115 shares during the period. MIG Capital LLC boosted its stake in shares of Entergy Corp. by 4.1% in the first quarter. MIG Capital LLC now owns 3,434 shares of the company’s stock worth $272,000 after buying an additional 136 shares during the period. Washington Trust Bank boosted its stake in shares of Entergy Corp. by 11.5% in the second quarter. Washington Trust Bank now owns 1,936 shares of the company’s stock worth $157,000 after buying an additional 199 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Entergy Corp. by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,200 shares of the company’s stock worth $342,000 after buying an additional 200 shares during the period. 85.80% of the stock is owned by institutional investors and hedge funds.
Entergy Corp. (NYSE:ETR) traded up 0.85% during mid-day trading on Monday, reaching $79.14. The company had a trading volume of 959,728 shares. The company has a market capitalization of $14.16 billion, a P/E ratio of 81.76 and a beta of 0.32. Entergy Corp. has a one year low of $62.30 and a one year high of $82.09. The stock has a 50 day moving average price of $78.81 and a 200 day moving average price of $77.93.
Entergy Corp. (NYSE:ETR) last announced its earnings results on Tuesday, August 2nd. The company reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $2.06. Entergy Corp. had a return on equity of 15.34% and a net margin of 1.78%. During the same quarter last year, the company posted $0.83 earnings per share. On average, equities analysts expect that Entergy Corp. will post $6.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 11th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 4.30%. The ex-dividend date was Tuesday, August 9th. Entergy Corp.’s dividend payout ratio is currently 354.17%.
A number of brokerages recently commented on ETR. Deutsche Bank AG decreased their price objective on Entergy Corp. from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, August 3rd. Jefferies Group lifted their price objective on Entergy Corp. from $79.00 to $84.00 and gave the stock a “hold” rating in a research note on Friday, June 10th. Bank of America Corp. reaffirmed a “hold” rating on shares of Entergy Corp. in a research note on Friday, June 10th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $81.00 target price on shares of Entergy Corp. in a research note on Friday, June 10th. Finally, Goldman Sachs Group Inc. raised Entergy Corp. from a “buy” rating to a “conviction-buy” rating and boosted their target price for the company from $87.00 to $88.00 in a research note on Monday, June 6th. Ten analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Entergy Corp. presently has an average rating of “Hold” and a consensus target price of $80.05.
In related news, insider Haley Fisackerly sold 1,250 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $77.60, for a total transaction of $97,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Charles L. Rice, Jr. sold 760 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $79.36, for a total value of $60,313.60. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
About Entergy Corp.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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