Mitsubishi UFJ Trust & Banking Corp Has $15.34 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Entergy Corporation (NYSE:ETR) by 54.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,299 shares of the utilities provider’s stock after buying an additional 71,001 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Entergy were worth $15,338,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Entergy during the third quarter worth approximately $27,000. NBT Bank N A NY lifted its holdings in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after buying an additional 170 shares in the last quarter. Fortis Group Advisors LLC lifted its holdings in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. increased its stake in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares during the period. Finally, Sandy Spring Bank raised its position in shares of Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 179 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, Morgan Stanley upped their target price on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.75.

Entergy Stock Up 0.4 %

NYSE:ETR opened at $84.38 on Friday. The stock has a market cap of $36.35 billion, a price-to-earnings ratio of 34.65, a PEG 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 has a 50-day moving average price of $83.34 and a two-hundred day moving average price of $75.75. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the business earned $0.26 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.84%. Entergy’s dividend payout ratio is currently 98.77%.

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.