Entergy Co. (NYSE:ETR) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Entergy Co. (NYSE:ETR - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 224,503 shares of the utilities provider's stock after acquiring an additional 19,573 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of Entergy worth $23,140,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Westpac Banking Corp increased its holdings in Entergy by 7.8% in the fourth quarter. Westpac Banking Corp now owns 7,574 shares of the utilities provider's stock valued at $766,000 after buying an additional 547 shares in the last quarter. Advisor OS LLC acquired a new position in shares of Entergy in the 4th quarter valued at about $203,000. Ieq Capital LLC boosted its position in shares of Entergy by 15.1% in the fourth quarter. Ieq Capital LLC now owns 4,196 shares of the utilities provider's stock worth $425,000 after buying an additional 552 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Entergy by 20.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 32,202 shares of the utilities provider's stock worth $3,258,000 after buying an additional 5,553 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Entergy by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 739,027 shares of the utilities provider's stock worth $74,781,000 after buying an additional 3,596 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ETR. KeyCorp raised their price objective on Entergy from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. Barclays decreased their target price on Entergy from $108.00 to $107.00 and set an "equal weight" rating on the stock in a report on Monday, April 15th. Scotiabank reduced their price target on shares of Entergy from $111.00 to $104.00 and set a "sector perform" rating for the company in a research report on Monday, April 22nd. Finally, BMO Capital Markets lifted their target price on Entergy from $110.00 to $113.00 and gave the company an "outperform" rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $109.45.

Entergy Stock Performance

Shares of ETR stock traded down $0.34 during mid-day trading on Friday, reaching $113.03. The stock had a trading volume of 2,397,315 shares, compared to its average volume of 1,463,130. The firm has a market cap of $24.14 billion, a PE ratio of 11.37, a P/E/G ratio of 2.09 and a beta of 0.69. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. Entergy Co. has a one year low of $87.10 and a one year high of $113.77. The firm's 50 day simple moving average is $105.82 and its 200 day simple moving average is $102.28.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.36). The business had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. On average, analysts forecast that Entergy Co. will post 7.23 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.00%. Entergy's dividend payout ratio (DPR) is presently 45.34%.

Insider Activity at Entergy

In other news, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the sale, the insider now owns 3,442 shares in the company, valued at $348,433.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the sale, the executive vice president now directly owns 16,037 shares of the company's stock, valued at $1,609,312.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The disclosure for this sale can be found here. Insiders have sold a total of 22,729 shares of company stock valued at $2,395,315 in the last 90 days. 0.39% of the stock is owned by corporate insiders.

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.