Entergy Corporation (NYSE:ETR) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in Entergy Corporation (NYSE:ETR) by 117.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 41,212 shares of the utilities provider’s stock after buying an additional 22,244 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Entergy were worth $3,125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in shares of Entergy during the 4th quarter worth about $20,479,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Entergy by 122.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 704,358 shares of the utilities provider’s stock worth $54,010,000 after purchasing an additional 387,985 shares in the last quarter. Korea Investment CORP lifted its position in Entergy by 35.0% in the fourth quarter. Korea Investment CORP now owns 417,072 shares of the utilities provider’s stock worth $31,622,000 after purchasing an additional 108,097 shares during the period. Cottage Street Advisors LLC boosted its stake in Entergy by 105.7% during the 4th quarter. Cottage Street Advisors LLC now owns 21,569 shares of the utilities provider’s stock valued at $1,635,000 after purchasing an additional 11,085 shares in the last quarter. Finally, Heritage Wealth Advisors increased its position in shares of Entergy by 104.3% during the 4th quarter. Heritage Wealth Advisors now owns 572 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 292 shares during the period. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

ETR has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. UBS Group upped their price target on shares of Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a report on Friday, March 21st. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Finally, Wells Fargo & Company raised their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.75.

Entergy Price Performance

ETR opened at $84.38 on Friday. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $36.35 billion, a P/E ratio of 34.65, a PEG ratio of 2.34 and a beta of 0.68. The stock has a fifty day moving average of $83.34 and a 200-day moving average of $75.75.

Entergy (NYSE:ETR) last announced its quarterly earnings data 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 return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the business earned $0.26 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.84%. Entergy’s dividend payout ratio is presently 98.77%.

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.