UniSuper Management Pty Ltd Increases Stake in Entergy Corporation (NYSE:ETR)

UniSuper Management Pty Ltd boosted its stake in Entergy Corporation (NYSE:ETR) by 101.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 779,183 shares of the utilities provider’s stock after purchasing an additional 392,601 shares during the quarter. UniSuper Management Pty Ltd owned about 0.18% of Entergy worth $59,078,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ETR. JPMorgan Chase & Co. grew its position in Entergy by 105.1% during the fourth quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider’s stock valued at $558,279,000 after acquiring an additional 3,773,492 shares during the period. Elo Mutual Pension Insurance Co grew its holdings in shares of Entergy by 117.3% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 41,212 shares of the utilities provider’s stock worth $3,125,000 after purchasing an additional 22,244 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Entergy during the 4th quarter worth about $20,479,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Entergy by 122.6% during the 4th 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. Finally, Korea Investment CORP raised its holdings in Entergy by 35.0% in the fourth quarter. Korea Investment CORP now owns 417,072 shares of the utilities provider’s stock valued at $31,622,000 after buying an additional 108,097 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

Entergy stock opened at $84.05 on Thursday. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a market cap of $36.20 billion, a P/E ratio of 34.52, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The stock has a 50 day moving average of $83.25 and a 200-day moving average of $75.53.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the firm posted $0.26 EPS. On average, analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.86%. Entergy’s dividend payout ratio (DPR) is 98.77%.

Analyst Ratings Changes

ETR has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Morgan Stanley upped their price target on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Finally, JPMorgan Chase & Co. raised their target price on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Six 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.75.

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.