FUKOKU MUTUAL LIFE INSURANCE Co Has $345,000 Stock Holdings in Entergy Corporation $ETR

FUKOKU MUTUAL LIFE INSURANCE Co lowered its position in shares of Entergy Corporation (NYSE:ETR) by 24.0% in the second quarter, HoldingsChannel reports. The fund owned 4,146 shares of the utilities provider’s stock after selling 1,308 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Entergy were worth $345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Choreo LLC increased its position in shares of Entergy by 12.3% in the first quarter. Choreo LLC now owns 9,546 shares of the utilities provider’s stock valued at $816,000 after acquiring an additional 1,042 shares during the last quarter. First American Trust FSB bought a new position in Entergy in the first quarter valued at approximately $3,896,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Entergy by 26.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock worth $8,219,000 after purchasing an additional 19,862 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Entergy during the 1st quarter worth approximately $32,658,000. Finally, Empowered Funds LLC boosted its holdings in shares of Entergy by 369.8% in the 1st quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider’s stock valued at $7,352,000 after buying an additional 67,696 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 price target (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Evercore ISI upped their target price on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Morgan Stanley set a $91.00 target price on shares of Entergy in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Finally, Scotiabank set a $105.00 price objective on Entergy and gave the company an “outperform” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $102.47.

Insiders Place Their Bets

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, with a total value of $96,690.00. Following the acquisition, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This trade represents a 2,000.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider directly owned 7,899 shares in the company, valued at $762,253.50. This represents a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,179 shares of company stock worth $981,707 in the last quarter. 0.39% of the stock is currently owned by corporate insiders.

Entergy Price Performance

Entergy stock opened at $93.44 on Friday. The company has a market capitalization of $41.73 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.40 and a beta of 0.63. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 12 month low of $73.15 and a 12 month high of $98.58. The stock’s 50 day moving average is $94.40 and its 200-day moving average is $88.35.

Entergy (NYSE:ETR) last released its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The business had revenue of $2.37 billion during the quarter. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be given a dividend of $0.64 per share. This is a positive change from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 13th. Entergy’s payout ratio is 63.21%.

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.