FUKOKU MUTUAL LIFE INSURANCE Co Has $414,000 Position in Entergy Corporation (NYSE:ETR)

FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of Entergy Corporation (NYSE:ETR) by 100.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,454 shares of the utilities provider’s stock after purchasing an additional 2,727 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Entergy were worth $414,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Entergy by 1.1% in the 3rd quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock worth $1,501,509,000 after buying an additional 128,667 shares in the last quarter. FMR LLC grew its holdings in Entergy by 5.0% during the 3rd quarter. FMR LLC now owns 6,613,647 shares of the utilities provider’s stock worth $870,422,000 after acquiring an additional 315,750 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Entergy by 53.0% during the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after purchasing an additional 1,981,611 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Entergy by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider’s stock worth $651,206,000 after buying an additional 37,279 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Entergy by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after acquiring an additional 1,354,355 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Activity at Entergy

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

Entergy Stock Performance

Shares of ETR opened at $86.09 on Thursday. Entergy Corporation has a 12 month low of $49.80 and a 12 month high of $88.38. The company has a market capitalization of $37.05 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 2.34 and a beta of 0.72. The stock has a 50 day moving average of $80.13 and a 200 day moving average of $72.15. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

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

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is 98.77%.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group raised their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, Evercore ISI upped their target price on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

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.