Mutual of America Capital Management LLC Boosts Position in Entergy Co. (NYSE:ETR)

Mutual of America Capital Management LLC grew its position in Entergy Co. (NYSE:ETR) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,487 shares of the utilities provider’s stock after buying an additional 6,377 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Entergy were worth $7,303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after acquiring an additional 2,075,776 shares in the last quarter. Capital International Investors grew its position in shares of Entergy by 64.2% in the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after purchasing an additional 1,630,057 shares during the last quarter. Millennium Management LLC increased its stake in shares of Entergy by 185.5% during the 2nd quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock worth $200,804,000 after purchasing an additional 1,219,419 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after purchasing an additional 763,834 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Entergy by 89.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock valued at $114,876,000 after buying an additional 506,239 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group raised their price target on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Scotiabank raised their price target on shares of Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Mizuho boosted their price objective on shares of Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada raised their target price on shares of Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $150.42.

Insiders Place Their Bets

In related news, CEO Andrew S. Marsh sold 19,200 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,140,475.85. This represents a 11.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eliecer Viamontes sold 5,166 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the transaction, the insider now directly owns 5,117 shares in the company, valued at $614,040. This trade represents a 50.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock worth $5,076,328 over the last ninety days. 0.39% of the stock is owned by company insiders.

Entergy Trading Up 0.1 %

ETR stock opened at $149.20 on Tuesday. 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 company has a market cap of $31.99 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 2.49 and a beta of 0.71. The business has a fifty day simple moving average of $135.56 and a 200-day simple moving average of $120.49. Entergy Co. has a 52 week low of $96.15 and a 52 week high of $156.85.

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

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.22%. This is a boost from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. Entergy’s payout ratio is 58.47%.

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.