MUFG Securities EMEA plc Acquires Shares of 110,000 Entergy Co. (NYSE:ETR)

MUFG Securities EMEA plc acquired a new stake in Entergy Co. (NYSE:ETR) in the 2nd quarter, HoldingsChannel reports. The fund acquired 110,000 shares of the utilities provider’s stock, valued at approximately $11,322,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. MML Investors Services LLC grew its holdings in shares of Entergy by 5.8% during the second quarter. MML Investors Services LLC now owns 6,062 shares of the utilities provider’s stock worth $624,000 after purchasing an additional 331 shares during the last quarter. Impax Asset Management Group plc boosted its stake in Entergy by 14.7% in the second quarter. Impax Asset Management Group plc now owns 3,397 shares of the utilities provider’s stock valued at $350,000 after acquiring an additional 436 shares during the last quarter. Seeyond grew its holdings in Entergy by 52.3% during the 2nd quarter. Seeyond now owns 57,618 shares of the utilities provider’s stock worth $5,931,000 after acquiring an additional 19,782 shares during the period. Pictet Asset Management Ltd. grew its holdings in Entergy by 32.0% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,114,319 shares of the utilities provider’s stock worth $217,627,000 after acquiring an additional 512,969 shares during the period. Finally, Cibc World Markets Corp raised its position in shares of Entergy by 389.2% during the 2nd quarter. Cibc World Markets Corp now owns 122,806 shares of the utilities provider’s stock valued at $12,640,000 after acquiring an additional 97,701 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

A number of research analysts have recently weighed in on the company. UBS Group set a $115.00 price target on Entergy and gave the company a “buy” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. raised Entergy from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $105.00 to $116.00 in a research note on Monday. Finally, Morgan Stanley downgraded Entergy from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $114.00 to $115.00 in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Entergy has an average rating of “Buy” and a consensus target price of $103.33.

In other Entergy news, insider Haley Fisackerly sold 2,250 shares of Entergy stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $105.00, for a total value of $236,250.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP A. Christopher Bakken III sold 6,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $64.84, for a total transaction of $437,670.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,939 shares of company stock worth $8,896,045 in the last ninety days. 0.27% of the stock is currently owned by company insiders.

NYSE ETR traded up $0.27 during trading on Wednesday, reaching $112.52. 61,656 shares of the stock traded hands, compared to its average volume of 1,115,473. Entergy Co. has a fifty-two week low of $78.99 and a fifty-two week high of $115.90. The company has a quick ratio of 0.52, a current ratio of 0.73 and a debt-to-equity ratio of 1.76. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 3.06 and a beta of 0.29. The stock’s 50-day moving average price is $109.11 and its 200 day moving average price is $100.56.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.03). Entergy had a return on equity of 13.75% and a net margin of 8.97%. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business posted $1.42 earnings per share. Analysts anticipate that Entergy Co. will post 5.26 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 8th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.23%. The ex-dividend date was Wednesday, August 7th. Entergy’s payout ratio is presently 49.79%.

About Entergy

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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