FUKOKU MUTUAL LIFE INSURANCE Co Acquires 2,727 Shares of Entergy Corporation (NYSE:ETR)

FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in Entergy Corporation (NYSE:ETR) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,454 shares of the utilities provider’s stock after acquiring an additional 2,727 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Entergy were worth $414,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of Entergy during the 3rd quarter worth approximately $27,000. Fortitude Family Office LLC lifted its holdings in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 178 shares during the last quarter. Coastline Trust Co purchased a new stake in shares of Entergy in the 3rd quarter worth approximately $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Entergy in the third quarter worth $42,000. Finally, Fortis Group Advisors LLC boosted its stake in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Up 0.8 %

NYSE:ETR opened at $86.09 on Thursday. The company’s 50-day simple moving average is $80.13 and its 200-day simple moving average is $72.15. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a fifty-two week low of $49.80 and a fifty-two week high of $88.38. The stock has a market capitalization of $37.05 billion, a P/E ratio of 35.36, a P/E/G ratio of 2.34 and a beta of 0.72.

Entergy (NYSE:ETR) last posted its quarterly 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 net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the firm posted $0.26 EPS. On average, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.79%. Entergy’s payout ratio is 98.77%.

Insider Buying and Selling

In other news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Evercore ISI increased their price target on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Scotiabank reduced their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a report on Thursday, January 30th. Mizuho upped their target price on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.14.

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.