Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Holdings in Entergy Co. (NYSE:ETR)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Entergy Co. (NYSE:ETR) by 13.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,579 shares of the utilities provider’s stock after buying an additional 31,076 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.12% of Entergy worth $27,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Tidemark LLC purchased a new stake in Entergy in the 4th quarter valued at about $25,000. Heritage Wealth Advisors boosted its position in Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in shares of Entergy in the 4th quarter valued at about $35,000. CVA Family Office LLC bought a new stake in shares of Entergy in the 4th quarter valued at about $41,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Entergy by 40.0% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Haley Fisackerly sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the sale, the insider now directly owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the sale, the chief accounting officer now directly owns 2,166 shares in the company, valued at $235,465.86. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

ETR has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on shares of Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. KeyCorp boosted their price target on shares of Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, May 20th. BMO Capital Markets reduced their price target on shares of Entergy from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Scotiabank reduced their price target on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Barclays boosted their price target on shares of Entergy from $107.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.50.

Entergy Stock Performance

Entergy stock traded up $0.09 during mid-day trading on Thursday, reaching $110.73. 972,874 shares of the company traded hands, compared to its average volume of 1,526,068. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $114.28. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 2.05 and a beta of 0.71. The firm’s fifty day moving average is $108.60 and its two-hundred day moving average is $104.81.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy 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.