Mufg Securities Americas Inc. Makes New Investment in Entergy Corporation (NYSE:ETR)

Mufg Securities Americas Inc. purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,331 shares of the utilities provider's stock, valued at approximately $480,000.

Several other large investors have also added to or reduced their stakes in ETR. JPMorgan Chase & Co. lifted its holdings in shares of Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock valued at $472,444,000 after buying an additional 1,354,355 shares during the period. Capital Investment Advisors LLC lifted its position in shares of Entergy by 102.9% during the 4th quarter. Capital Investment Advisors LLC now owns 7,100 shares of the utilities provider's stock valued at $538,000 after buying an additional 3,600 shares in the last quarter. Wedmont Private Capital purchased a new stake in Entergy in the 4th quarter worth $324,000. Claro Advisors LLC raised its position in Entergy by 51.6% during the fourth quarter. Claro Advisors LLC now owns 3,485 shares of the utilities provider's stock worth $264,000 after acquiring an additional 1,186 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in Entergy by 91.4% during the fourth quarter. AdvisorNet Financial Inc now owns 1,516 shares of the utilities provider's stock valued at $115,000 after purchasing an additional 724 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Trading Down 0.2%

Shares of NYSE ETR traded down $0.19 on Monday, reaching $82.95. 2,490,464 shares of the company traded hands, compared to its average volume of 3,683,795. The company has a 50 day moving average of $83.03 and a 200 day moving average of $80.16. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The stock has a market capitalization of $35.73 billion, a PE ratio of 34.07, a P/E/G ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. On average, equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio is presently 77.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ETR shares. BMO Capital Markets upped 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. Wells Fargo & Company raised their target price on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Wednesday, May 14th. Finally, Barclays boosted their target price on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.04.

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.