Keybank National Association OH Has $442,000 Position in Entergy Co. (ETR)

Keybank National Association OH boosted its position in Entergy Co. (NYSE:ETR) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,131 shares of the utilities provider’s stock after purchasing an additional 196 shares during the quarter. Keybank National Association OH’s holdings in Entergy were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC grew its position in shares of Entergy by 256.4% during the 2nd quarter. FMR LLC now owns 2,585,554 shares of the utilities provider’s stock valued at $208,886,000 after purchasing an additional 1,860,030 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Entergy by 68.0% during the 2nd quarter. Schroder Investment Management Group now owns 96,620 shares of the utilities provider’s stock valued at $7,851,000 after purchasing an additional 39,125 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of Entergy during the 3rd quarter valued at $536,000. Andra AP fonden grew its position in shares of Entergy by 3.6% during the 3rd quarter. Andra AP fonden now owns 85,200 shares of the utilities provider’s stock valued at $6,912,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Entergy by 30.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 28,185 shares of the utilities provider’s stock valued at $2,287,000 after purchasing an additional 6,600 shares in the last quarter. 93.97% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Sallie T. Rainer sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $86.61, for a total value of $173,220.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marcus V. Brown sold 3,600 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $85.64, for a total transaction of $308,304.00. The disclosure for this sale can be found here. Insiders sold 101,527 shares of company stock valued at $8,928,201 over the last quarter. 0.25% of the stock is owned by company insiders.

A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Entergy from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Monday, February 4th. Bank of America boosted their price target on shares of Entergy from $91.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, November 1st. Citigroup boosted their price target on shares of Entergy from $88.00 to $89.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. ValuEngine upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Finally, Royal Bank of Canada restated a “hold” rating and set a $91.00 price target on shares of Entergy in a research report on Wednesday, January 23rd. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $89.88.

Shares of NYSE:ETR opened at $90.82 on Monday. Entergy Co. has a 52-week low of $72.14 and a 52-week high of $90.82. The firm has a market capitalization of $16.45 billion, a P/E ratio of 12.61, a P/E/G ratio of 2.42 and a beta of 0.39. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 1.88.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 14th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $3.64 annualized dividend and a yield of 4.01%. Entergy’s dividend payout ratio (DPR) is presently 50.56%.

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Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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