Deseret Mutual Benefit Administrators Has $64,000 Stock Position in Entergy Corporation (NYSE:ETR)

Deseret Mutual Benefit Administrators grew its position in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 842 shares of the utilities provider’s stock after acquiring an additional 421 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Entergy were worth $64,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its position in Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 69 shares during the last quarter. Acropolis Investment Management LLC boosted its position in Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after acquiring an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. boosted its position in Entergy by 0.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after acquiring an additional 74 shares during the last quarter. Prossimo Advisors LLC boosted its position in Entergy by 1.5% during the 3rd quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after acquiring an additional 90 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in Entergy by 1.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock worth $952,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Down 1.1 %

ETR opened at $84.94 on Friday. Entergy Corporation has a 1-year low of $49.80 and a 1-year high of $88.38. The stock’s fifty day simple moving average is $79.45 and its 200 day simple moving average is $71.49. 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 market cap of $36.56 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72.

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

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is 98.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays increased their price objective on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. UBS Group increased their price objective on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $58.00 to $75.00 in a report on Monday, November 4th. Wells Fargo & Company increased their price objective on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Guggenheim increased their price objective on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.14.

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.39% of the company’s stock.

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.