Mutual of America Capital Management LLC Increases Stake in Entergy Co. (NYSE:ETR)

Mutual of America Capital Management LLC boosted its position in shares of Entergy Co. (NYSE:ETR) by 8.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 49,005 shares of the utilities provider’s stock after purchasing an additional 3,792 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Entergy were worth $4,959,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ETR. Fairfield Bush & CO. purchased a new stake in shares of Entergy during the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Entergy by 157.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 165 shares during the last quarter. Fortis Group Advisors LLC purchased a new stake in shares of Entergy during the 3rd quarter valued at about $32,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Entergy during the 3rd quarter valued at about $32,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Entergy by 17,550.0% during the 3rd quarter. Harbour Investments Inc. now owns 353 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 351 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Deanna D. Rodriguez sold 1,500 shares of Entergy stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the sale, the insider now owns 3,442 shares in the company, valued at approximately $348,433.66. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock worth $1,226,685 over the last quarter. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Entergy from $105.00 to $108.00 and gave the company an “equal weight” rating in a report on Thursday, March 14th. BMO Capital Markets raised their price objective on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.89.

Entergy Price Performance

NYSE ETR opened at $102.91 on Monday. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $109.85. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 2.03 and a beta of 0.71. The company’s 50 day moving average is $102.15 and its two-hundred day moving average is $99.83. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.57.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the business earned $0.51 EPS. As a group, research analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Wednesday, May 1st. Entergy’s payout ratio is currently 40.76%.

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.