Entergy Corporation (NYSE:ETR) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 109.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,453 shares of the utilities provider's stock after purchasing an additional 92,925 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Entergy were worth $13,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of ETR. Global Retirement Partners LLC raised its position in shares of Entergy by 4.3% in the 3rd quarter. Global Retirement Partners LLC now owns 7,629 shares of the utilities provider's stock worth $1,004,000 after purchasing an additional 317 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Entergy by 2.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 10,697 shares of the utilities provider's stock worth $1,408,000 after buying an additional 281 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Entergy by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,443 shares of the utilities provider's stock worth $2,822,000 after buying an additional 344 shares in the last quarter. Net Worth Advisory Group bought a new stake in Entergy in the 3rd quarter worth about $227,000. Finally, Blue Trust Inc. increased its holdings in Entergy by 700.0% in the 3rd quarter. Blue Trust Inc. now owns 1,696 shares of the utilities provider's stock worth $223,000 after buying an additional 1,484 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Down 1.7 %

Shares of ETR traded down $1.51 during midday trading on Thursday, reaching $85.82. 4,006,557 shares of the stock were exchanged, compared to its average volume of 3,811,567. Entergy Corporation has a 52 week low of $49.80 and a 52 week high of $88.38. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The company's 50 day moving average is $79.01 and its two-hundred day moving average is $71.19. The company has a market capitalization of $36.80 billion, a P/E ratio of 35.24, a PEG ratio of 2.67 and a beta of 0.72.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly 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. Entergy had a return on equity of 10.75% and a net margin of 8.90%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the company earned $0.26 EPS. On average, sell-side analysts anticipate 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 given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Monday, February 10th. Entergy's payout ratio is 98.77%.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company's stock in a transaction on Friday, December 13th. The stock was 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 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 SEC, which is available through this link. Corporate insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ETR shares. StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Guggenheim boosted their price target on Entergy from $72.50 to $82.50 and gave the stock a "buy" rating in a report on Friday, November 1st. Barclays boosted their price target on Entergy from $68.50 to $76.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. UBS Group upped their price objective on Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Finally, LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective on the stock in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus price target 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.