Mutual of America Capital Management LLC Raises Stock Position in Entergy Corporation (NYSE:ETR)

Mutual of America Capital Management LLC raised its stake in shares of Entergy Corporation (NYSE:ETR) by 103.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,990 shares of the utilities provider’s stock after purchasing an additional 57,503 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Entergy were worth $8,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ETR. Financial Advocates Investment Management increased its position in Entergy by 4.5% during the 3rd quarter. Financial Advocates Investment Management now owns 2,206 shares of the utilities provider’s stock valued at $290,000 after purchasing an additional 95 shares during the period. US Bancorp DE increased its position in Entergy by 16.3% during the 3rd quarter. US Bancorp DE now owns 28,782 shares of the utilities provider’s stock valued at $3,788,000 after purchasing an additional 4,030 shares during the period. Stephens Inc. AR increased its position in Entergy by 2.6% during the 3rd quarter. Stephens Inc. AR now owns 8,711 shares of the utilities provider’s stock valued at $1,146,000 after purchasing an additional 224 shares during the period. Farther Finance Advisors LLC increased its position in Entergy by 126.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,352 shares of the utilities provider’s stock valued at $310,000 after purchasing an additional 1,314 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in Entergy during the 3rd quarter valued at $83,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.39% of the company’s stock.

Entergy Price Performance

ETR opened at $87.29 on Monday. 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 stock has a market capitalization 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 company’s 50-day simple moving average is $80.59 and its two-hundred day simple moving average is $72.63. Entergy Corporation has a 52-week low of $49.80 and a 52-week high of $88.38.

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

Entergy Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Mizuho upped their target price on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $58.00 to $75.00 in a research report on Monday, November 4th. Wells Fargo & Company upped their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, Scotiabank reduced their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.14.

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.