Entergy Co. (NYSE:ETR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Entergy Co. (NYSE:ETR) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,110 shares of the utilities provider’s stock after selling 787 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Entergy were worth $5,255,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in Entergy by 6.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after purchasing an additional 13,882 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of Entergy by 11.1% during the fourth quarter. Cetera Advisor Networks LLC now owns 55,261 shares of the utilities provider’s stock valued at $5,592,000 after acquiring an additional 5,509 shares during the period. Norges Bank purchased a new stake in shares of Entergy in the 4th quarter valued at approximately $127,675,000. Groupama Asset Managment acquired a new position in Entergy in the 4th quarter worth approximately $15,783,000. Finally, Acadian Asset Management LLC grew its position in Entergy by 55.4% during the 1st quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock worth $1,571,000 after purchasing an additional 5,303 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the sale, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Entergy news, insider Eliecer Viamontes sold 5,166 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the sale, the insider now directly owns 5,117 shares of the company’s stock, valued at approximately $614,040. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the transaction, the chief operating officer now owns 37,888 shares in the company, valued at approximately $4,363,182.08. The disclosure for this sale can be found here. Insiders have sold 42,888 shares of company stock worth $5,110,766 in the last quarter. 0.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of research analyst reports. Barclays upgraded Entergy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $115.00 to $138.00 in a report on Tuesday. Morgan Stanley increased their price objective on Entergy from $100.00 to $109.00 and gave the stock an “underweight” rating in a research note on Friday, August 23rd. Mizuho upped their target price on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, May 31st. KeyCorp increased their price target on shares of Entergy from $123.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.35.

Entergy Trading Up 1.3 %

Entergy stock opened at $129.28 on Friday. Entergy Co. has a one year low of $87.10 and a one year high of $129.70. The company’s fifty day moving average price is $118.52 and its two-hundred day moving average price is $110.81. The company has a market capitalization of $27.61 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 2.31 and a beta of 0.73. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the company earned $1.84 EPS. On average, analysts forecast that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were paid a $1.13 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a yield of 3.50%. Entergy’s payout ratio is presently 45.34%.

Entergy Company 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.