MassMutual Private Wealth & Trust FSB Has $9.73 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

MassMutual Private Wealth & Trust FSB cut its position in Entergy Corporation (NYSE:ETR - Free Report) by 19.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,798 shares of the utilities provider's stock after selling 27,470 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Entergy were worth $9,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares during the period. Bank of America Corp DE grew its position in Entergy by 142.8% in the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after purchasing an additional 10,347,926 shares in the last quarter. Ameriprise Financial Inc. grew its position in Entergy by 71.4% in the fourth quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock valued at $976,895,000 after purchasing an additional 5,368,396 shares in the last quarter. FMR LLC grew its position in Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after purchasing an additional 5,998,760 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Entergy by 66.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after acquiring an additional 4,418,528 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Trading Down 0.5%

Shares of ETR traded down $0.46 during trading hours on Monday, hitting $82.82. 797,525 shares of the stock were exchanged, compared to its average volume of 3,634,331. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week 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 business has a 50-day moving average of $82.77 and a 200-day moving average of $80.80. The firm has a market capitalization of $35.68 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.60 by $0.22. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 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 $0.54 EPS. On average, research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Friday, May 2nd. Entergy's payout ratio is 77.92%.

Analysts Set New Price Targets

Several brokerages have recently commented on ETR. JPMorgan Chase & Co. lifted their target price on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. UBS Group lifted their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Wednesday, May 14th. Finally, BMO Capital Markets lifted their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.04.

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.