State of New Jersey Common Pension Fund D Has $11.36 Million Holdings in Entergy Corporation (NYSE:ETR)

State of New Jersey Common Pension Fund D increased its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 120.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,844 shares of the utilities provider's stock after acquiring an additional 81,791 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Entergy were worth $11,361,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ETR. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Entergy by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,443 shares of the utilities provider's stock valued at $2,822,000 after purchasing an additional 344 shares in the last quarter. Net Worth Advisory Group acquired a new position in Entergy during the third quarter valued at $227,000. Blue Trust Inc. lifted its stake 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 acquiring an additional 1,484 shares in the last quarter. Raymond James & Associates boosted its position in Entergy by 2.9% during the 3rd quarter. Raymond James & Associates now owns 652,335 shares of the utilities provider's stock worth $85,854,000 after acquiring an additional 18,488 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Entergy by 1.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 104,192 shares of the utilities provider's stock valued at $13,713,000 after acquiring an additional 1,382 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Buying and Selling

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Scotiabank reduced their price target on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 7th. Evercore ISI increased their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday. UBS Group increased 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 upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research note on Thursday, January 30th. Six 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 company. According to MarketBeat, Entergy has an average rating of "Moderate Buy" and an average price target of $82.14.

Entergy Stock Performance

ETR traded down $0.92 on Friday, hitting $84.94. The company had a trading volume of 4,755,056 shares, compared to its average volume of 3,839,319. The company's fifty day moving average price is $79.24 and its 200 day moving average price is $71.30. Entergy Corporation has a 1-year low of $49.80 and a 1-year high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The stock has a market cap of $36.56 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 2.66 and a beta of 0.72.

Entergy (NYSE:ETR - Get Free Report) last posted its 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. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the company earned $0.26 EPS. Equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.83%. Entergy's dividend payout ratio (DPR) is currently 98.56%.

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.