Mutual of America Capital Management LLC Sells 1,502 Shares of Entergy Corporation (NYSE:ETR)

Mutual of America Capital Management LLC reduced its stake in Entergy Corporation (NYSE:ETR) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,488 shares of the utilities provider’s stock after selling 1,502 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Entergy were worth $9,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Acropolis Investment Management LLC grew its position in Entergy by 0.7% during the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock worth $1,535,000 after purchasing an additional 129 shares during the period. Gen Wealth Partners Inc grew its position in Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 144 shares during the period. Legacy Investment Solutions LLC grew its position in Entergy by 85.1% during the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 172 shares during the period. Glen Eagle Advisors LLC grew its position in Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 180 shares during the period. Finally, Focus Financial Network Inc. boosted its stake in shares of Entergy by 5.3% during the 1st quarter. Focus Financial Network Inc. now owns 4,352 shares of the utilities provider’s stock worth $372,000 after acquiring an additional 218 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Trading Down 0.1%

NYSE ETR opened at $90.29 on Thursday. Entergy Corporation has a one year low of $57.58 and a one year high of $92.40. The company has a 50-day simple moving average of $84.05 and a 200-day simple moving average of $83.38. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The firm has a market capitalization of $40.31 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be given a $0.60 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.7%. Entergy’s payout ratio is 59.85%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Entergy from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. Mizuho set a $97.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Thursday, July 31st. KeyCorp reissued an “overweight” rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Barclays lowered their target price on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Entergy from $100.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.07.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the sale, the insider owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.39% of the company’s stock.

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.