Entergy Corporation $ETR Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Entergy Corporation (NYSE:ETR) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,069 shares of the utilities provider’s stock after selling 7,290 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Entergy were worth $15,965,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ETR. Mattson Financial Services LLC lifted its stake in Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Entergy in the first quarter worth $28,000. Atwood & Palmer Inc. lifted its position in shares of Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 190 shares in the last quarter. GoalVest Advisory LLC boosted its stake in shares of Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 344 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Entergy during the 2nd quarter worth about $30,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Entergy

In related news, insider Anastasia Minor sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the completion of the sale, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. This represents a 33.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction on Wednesday, November 12th. The shares were acquired at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director owned 1,050 shares of the company’s stock, valued at $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 10,179 shares of company stock worth $981,707 in the last three months. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ETR shares. Morgan Stanley set a $93.00 target price on shares of Entergy and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. raised their target price on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Scotiabank set a $105.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Finally, Evercore ISI increased their price target on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.37.

Entergy Stock Performance

Shares of ETR stock opened at $94.92 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.52 and a current ratio of 0.71. The firm has a market capitalization of $42.39 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63. Entergy Corporation has a one year low of $73.15 and a one year high of $98.58. The company has a 50 day moving average price of $93.89 and a 200 day moving average price of $88.09.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The company had revenue of $2.37 billion during the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.64 per share. This is a boost from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, November 13th. Entergy’s payout ratio is currently 63.21%.

About Entergy

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.