Meeder Asset Management Inc. Has $5.16 Million Stock Position in Entergy Co. (NYSE:ETR)

Meeder Asset Management Inc. lifted its position in shares of Entergy Co. (NYSE:ETR) by 209.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,219 shares of the utilities provider’s stock after purchasing an additional 26,532 shares during the period. Meeder Asset Management Inc.’s holdings in Entergy were worth $5,162,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Caprock Group LLC raised its position in Entergy by 10.1% in the third quarter. Caprock Group LLC now owns 5,281 shares of the utilities provider’s stock worth $695,000 after acquiring an additional 485 shares during the period. Pathstone Holdings LLC grew its stake in Entergy by 6.9% during the third quarter. Pathstone Holdings LLC now owns 16,862 shares of the utilities provider’s stock valued at $2,219,000 after acquiring an additional 1,081 shares in the last quarter. LMR Partners LLP purchased a new position in Entergy during the third quarter valued at approximately $329,000. Braun Stacey Associates Inc. grew its stake in Entergy by 11.0% during the third quarter. Braun Stacey Associates Inc. now owns 190,991 shares of the utilities provider’s stock valued at $25,136,000 after acquiring an additional 18,850 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP purchased a new position in Entergy during the third quarter valued at approximately $35,104,000. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Mizuho boosted their price target on shares of Entergy from $138.00 to $165.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $116.00 to $150.00 in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.42.

Entergy Trading Up 0.1 %

NYSE:ETR opened at $149.20 on Tuesday. The company has a fifty day moving average of $135.56 and a 200 day moving average of $120.49. Entergy Co. has a 52 week low of $96.15 and a 52 week high of $156.85. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $31.99 billion, a P/E ratio of 18.17, a P/E/G ratio of 2.49 and a beta of 0.71.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.91 by $0.08. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the business earned $3.27 EPS. On average, research analysts predict that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.22%. Entergy’s dividend payout ratio is 58.47%.

Insiders Place Their Bets

In other news, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,092,241.93. This represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eliecer Viamontes sold 5,166 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the sale, the insider now directly owns 5,117 shares in the company, valued at $614,040. This represents a 50.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,472 shares of company stock worth $5,076,328. 0.54% of the stock is currently 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.