Tokio Marine Asset Management Co. Ltd. increased its position in Entergy Co. (NYSE:ETR – Get Rating) by 19.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,808 shares of the utilities provider’s stock after purchasing an additional 617 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Entergy were worth $428,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ETR. Lindbrook Capital LLC boosted its stake in Entergy by 75.2% in the 4th quarter. Lindbrook Capital LLC now owns 233 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Fairfield Bush & CO. purchased a new position in Entergy in the 1st quarter worth about $29,000. Affiance Financial LLC purchased a new position in Entergy in the 4th quarter worth about $33,000. Mach 1 Financial Group LLC purchased a new position in Entergy in the 3rd quarter worth about $38,000. Finally, New Millennium Group LLC purchased a new position in Entergy in the 2nd quarter worth about $47,000. Institutional investors own 89.98% of the company’s stock.
Entergy Stock Performance
ETR stock opened at $110.97 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 1.82. The business’s fifty day simple moving average is $105.98 and its two-hundred day simple moving average is $108.10. Entergy Co. has a twelve month low of $94.94 and a twelve month high of $126.82. The firm has a market cap of $23.46 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.76 and a beta of 0.65.
Entergy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were paid a $1.07 dividend. The ex-dividend date was Thursday, February 9th. This represents a $4.28 dividend on an annualized basis and a yield of 3.86%. Entergy’s payout ratio is 79.41%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ETR. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $135.00 to $119.00 in a research report on Tuesday, January 3rd. LADENBURG THALM/SH SH initiated coverage on shares of Entergy in a research report on Monday, April 3rd. They set a “buy” rating and a $116.00 price target for the company. TheStreet lowered shares of Entergy from a “b” rating to a “c+” rating in a research report on Thursday, February 16th. StockNews.com initiated coverage on shares of Entergy in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Morgan Stanley reduced their price target on shares of Entergy from $103.00 to $97.00 and set an “underweight” rating for the company in a research report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $121.69.
Insiders Place Their Bets
In other news, insider Deanna D. Rodriguez sold 300 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $103.96, for a total transaction of $31,188.00. Following the transaction, the insider now owns 3,269 shares in the company, valued at $339,845.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Haley Fisackerly sold 3,890 shares of Entergy stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $108.42, for a total transaction of $421,753.80. Following the completion of the sale, the insider now owns 1,656 shares of the company’s stock, valued at $179,543.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deanna D. Rodriguez sold 300 shares of Entergy stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $103.96, for a total value of $31,188.00. Following the transaction, the insider now owns 3,269 shares of the company’s stock, valued at $339,845.24. The disclosure for this sale can be found here. Insiders have sold a total of 17,092 shares of company stock worth $1,821,838 over the last quarter. Company insiders own 0.37% of the company’s stock.
Entergy Profile
Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.
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