Mitsubishi UFJ Asset Management Co. Ltd. Acquires 387,985 Shares of Entergy Corporation (NYSE:ETR)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 122.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 704,358 shares of the utilities provider's stock after purchasing an additional 387,985 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Entergy worth $54,010,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Korea Investment CORP grew its stake in Entergy by 35.0% during the fourth quarter. Korea Investment CORP now owns 417,072 shares of the utilities provider's stock worth $31,622,000 after buying an additional 108,097 shares in the last quarter. Cottage Street Advisors LLC boosted its position in shares of Entergy by 105.7% during the 4th quarter. Cottage Street Advisors LLC now owns 21,569 shares of the utilities provider's stock worth $1,635,000 after acquiring an additional 11,085 shares in the last quarter. Heritage Wealth Advisors increased its stake in Entergy by 104.3% in the fourth quarter. Heritage Wealth Advisors now owns 572 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 292 shares during the last quarter. Mendel Money Management raised its position in Entergy by 99.6% during the fourth quarter. Mendel Money Management now owns 9,644 shares of the utilities provider's stock valued at $731,000 after purchasing an additional 4,812 shares in the last quarter. Finally, Financial Counselors Inc. raised its position in Entergy by 93.0% during the fourth quarter. Financial Counselors Inc. now owns 317,648 shares of the utilities provider's stock valued at $24,084,000 after purchasing an additional 153,027 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on ETR shares. Wells Fargo & Company lifted their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. KeyCorp downgraded Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. UBS Group raised their price target on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Finally, Morgan Stanley raised their target price on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $84.75.

Entergy Trading Up 0.6 %

Shares of ETR stock traded up $0.48 on Wednesday, hitting $86.14. The company had a trading volume of 744,263 shares, compared to its average volume of 4,179,929. The stock's 50-day moving average is $83.45 and its two-hundred day moving average is $76.28. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The firm has a market cap of $37.11 billion, a P/E ratio of 35.38, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly 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. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the business earned $0.26 EPS. On average, equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

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.