Riverview Trust Co Purchases 182 Shares of Entergy Corporation (NYSE:ETR)

Riverview Trust Co lifted its position in Entergy Corporation (NYSE:ETR) by 100.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 364 shares of the utilities provider’s stock after buying an additional 182 shares during the period. Riverview Trust Co’s holdings in Entergy were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Fortis Group Advisors LLC grew its stake in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of Entergy in the third quarter worth approximately $27,000. Duncker Streett & Co. Inc. grew its position in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares during the period. IFS Advisors LLC purchased a new stake in Entergy during the fourth quarter valued at approximately $30,000. Finally, Ulland Investment Advisors LLC raised its position in Entergy by 100.0% in the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 200 shares during the period. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of several analyst reports. Mizuho upped their price objective on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $69.00 to $77.00 in a research note on Monday, November 4th. Wells Fargo & Company raised their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.14.

Entergy Stock Performance

Shares of NYSE ETR opened at $87.29 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market cap of $37.57 billion, a P/E ratio of 35.85, a P/E/G ratio of 2.34 and a beta of 0.72. The firm’s fifty day moving average is $80.59 and its two-hundred day moving average is $72.53. Entergy Corporation has a 52-week low of $49.80 and a 52-week high of $88.38.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, February 10th. Entergy’s dividend payout ratio is presently 98.77%.

Insider Buying and Selling

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.39% of the stock is currently owned by company insiders.

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.