Elo Mutual Pension Insurance Co Increases Stock Holdings in Entergy Corporation (NYSE:ETR)

Elo Mutual Pension Insurance Co boosted its stake in Entergy Corporation (NYSE:ETR) by 117.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,212 shares of the utilities provider’s stock after acquiring 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 large investors also recently bought and sold shares of the company. Private Trust Co. NA boosted its stake in shares of Entergy by 10.5% in the third quarter. Private Trust Co. NA now owns 2,210 shares of the utilities provider’s stock valued at $291,000 after purchasing an additional 210 shares during the period. Dai ichi Life Insurance Company Ltd acquired a new position in Entergy in the 3rd quarter worth $939,000. D.A. Davidson & CO. boosted its position in Entergy by 7.9% in the 3rd quarter. D.A. Davidson & CO. now owns 2,459 shares of the utilities provider’s stock valued at $324,000 after buying an additional 181 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Entergy by 5.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,880 shares of the utilities provider’s stock valued at $6,960,000 after acquiring an additional 2,620 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Entergy by 3.0% during the third quarter. Public Sector Pension Investment Board now owns 37,272 shares of the utilities provider’s stock worth $4,905,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 0.4 %

Shares of NYSE 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 market cap of $36.35 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. 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’s 50 day simple moving average is $83.34 and its 200 day simple moving average is $75.75.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently declared 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 dividend yield of 2.84%. Entergy’s payout ratio is currently 98.77%.

Wall Street Analyst Weigh In

ETR has been the subject of a number of analyst reports. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. BMO Capital Markets raised their price target on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Evercore ISI lifted their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research note on Thursday, January 30th. Finally, Morgan Stanley boosted their target price 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. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $84.75.

Entergy 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.