Entergy Corporation (NYSE:ETR) Holdings Boosted by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 117.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,212 shares of the utilities provider's stock after purchasing an additional 22,244 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Entergy were worth $3,125,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ETR. Legacy Investment Solutions LLC bought a new stake in shares of Entergy in the 3rd quarter worth approximately $27,000. NBT Bank N A NY boosted its holdings in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares during the period. Fortis Group Advisors LLC grew its position in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the period. Finally, Sandy Spring Bank lifted its position in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Entergy Price Performance

Shares of NYSE ETR traded up $0.49 during midday trading on Wednesday, reaching $86.15. The company's stock had a trading volume of 744,263 shares, compared to its average volume of 4,179,929. The company has a market cap of $37.11 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The company has a 50 day moving average price of $83.45 and a 200 day moving average price of $76.28.

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, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion for the quarter, compared to analysts' expectations 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 earnings per share. On average, equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.79%. Entergy's dividend payout ratio is currently 98.77%.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. UBS Group increased their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Evercore ISI raised 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. KeyCorp lowered Entergy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Finally, Scotiabank lowered their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Entergy presently has an average rating of "Moderate Buy" and an average price target of $84.75.

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.