Motco Takes Position in Entergy Co. (NYSE:ETR)

Motco acquired a new stake in shares of Entergy Co. (NYSE:ETR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 400 shares of the utilities provider’s stock, valued at approximately $48,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. increased its position in shares of Entergy by 22.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 57,906 shares of the utilities provider’s stock valued at $6,937,000 after acquiring an additional 10,785 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Entergy by 7.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 12,198 shares of the utilities provider’s stock valued at $1,461,000 after acquiring an additional 810 shares during the period. Illinois Municipal Retirement Fund acquired a new position in shares of Entergy in the 4th quarter valued at $2,082,000. Rational Advisors LLC increased its position in shares of Entergy by 2,453.9% in the 4th quarter. Rational Advisors LLC now owns 5,542 shares of the utilities provider’s stock valued at $664,000 after acquiring an additional 5,325 shares during the period. Finally, Secure Asset Management LLC acquired a new position in shares of Entergy in the 4th quarter valued at $229,000. Hedge funds and other institutional investors own 86.21% of the company’s stock.

Several equities analysts recently issued reports on ETR shares. Bank of America upped their target price on Entergy from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Morgan Stanley upped their target price on Entergy from $119.00 to $124.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. UBS Group downgraded Entergy from a “buy” rating to a “neutral” rating and upped their target price for the company from $115.00 to $126.00 in a research report on Thursday, October 31st. Mizuho reissued a “buy” rating and issued a $123.00 target price (up from $121.00) on shares of Entergy in a research report on Monday, December 23rd. Finally, Citigroup increased their price target on Entergy from $134.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Entergy presently has a consensus rating of “Buy” and a consensus price target of $121.64.

Shares of ETR opened at $134.13 on Friday. The business’s 50-day moving average is $125.84 and its two-hundred day moving average is $117.66. The company has a market capitalization of $26.53 billion, a P/E ratio of 33.53, a P/E/G ratio of 3.41 and a beta of 0.25. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.53 and a current ratio of 0.72. Entergy Co. has a fifty-two week low of $88.83 and a fifty-two week high of $134.49.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, February 12th. Entergy’s dividend payout ratio is currently 50.89%.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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