Entergy Corporation (NYSE:ETR) Shares Bought by Arizona State Retirement System

Arizona State Retirement System lifted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 103.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,215 shares of the utilities provider's stock after buying an additional 63,037 shares during the period. Arizona State Retirement System's holdings in Entergy were worth $9,418,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ETR. Verdence Capital Advisors LLC lifted its position in Entergy by 29.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 11,731 shares of the utilities provider's stock worth $889,000 after acquiring an additional 2,703 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Entergy in the fourth quarter worth about $9,135,000. M&T Bank Corp lifted its holdings in shares of Entergy by 196.1% during the fourth quarter. M&T Bank Corp now owns 35,811 shares of the utilities provider's stock worth $2,714,000 after purchasing an additional 23,717 shares during the period. Atria Investments Inc boosted its position in Entergy by 111.7% in the fourth quarter. Atria Investments Inc now owns 94,849 shares of the utilities provider's stock valued at $7,191,000 after buying an additional 50,047 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Entergy by 209.8% in the 4th quarter. Assetmark Inc. now owns 120,478 shares of the utilities provider's stock worth $9,135,000 after buying an additional 81,583 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on ETR. Wells Fargo & Company upped their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. BMO Capital Markets increased their price target on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. KeyCorp lowered Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Finally, UBS Group boosted their price target on Entergy from $72.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Six 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $82.14.

Entergy Price Performance

ETR traded down $1.05 during midday trading on Monday, hitting $80.29. 6,206,571 shares of the company traded hands, compared to its average volume of 3,924,559. 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 Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The company has a market capitalization of $34.56 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.34 and a beta of 0.68. The business has a 50 day simple moving average of $81.40 and a two-hundred day simple moving average of $73.50.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Monday, February 10th. Entergy's dividend payout ratio (DPR) is presently 98.77%.

Insider Transactions at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company's stock.

Entergy 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.