Meeder Asset Management Inc. Reduces Holdings in Entergy Corporation (NYSE:ETR)

Meeder Asset Management Inc. reduced its stake in Entergy Corporation (NYSE:ETR - Free Report) by 86.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,406 shares of the utilities provider's stock after selling 33,813 shares during the quarter. Meeder Asset Management Inc.'s holdings in Entergy were worth $410,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. raised its position in Entergy by 7.9% in the 3rd quarter. D.A. Davidson & CO. now owns 2,459 shares of the utilities provider's stock valued at $324,000 after buying an additional 181 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Entergy by 5.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,880 shares of the utilities provider's stock worth $6,960,000 after purchasing an additional 2,620 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Entergy by 3.0% during the third quarter. Public Sector Pension Investment Board now owns 37,272 shares of the utilities provider's stock worth $4,905,000 after purchasing an additional 1,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Entergy by 8.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,075,044 shares of the utilities provider's stock valued at $141,487,000 after purchasing an additional 84,374 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Entergy by 6.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 130,321 shares of the utilities provider's stock valued at $17,149,000 after buying an additional 7,936 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

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Entergy Price Performance

Shares of ETR stock traded down $6.04 on Friday, hitting $79.02. 7,635,243 shares of the company's stock were exchanged, compared to its average volume of 3,632,198. 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 $34.04 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38. The company has a 50 day moving average of $83.52 and a 200 day moving average of $76.60.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the company earned $0.26 EPS. On average, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently disclosed 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 3.04%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio (DPR) is 98.77%.

Analyst Ratings Changes

A number of research firms have recently commented on ETR. BMO Capital Markets increased their price objective on shares of Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. UBS Group boosted their price target on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. Finally, Evercore ISI raised their target price on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Six research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.75.

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.