Mutual of America Capital Management LLC Buys 786 Shares of Entergy Co. (ETR)
Mutual of America Capital Management LLC boosted its stake in shares of Entergy Co. (NYSE:ETR) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 37,305 shares of the utilities provider’s stock after buying an additional 786 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Entergy were worth $3,036,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in Entergy by 25.5% during the 2nd quarter. Toronto Dominion Bank now owns 61,023 shares of the utilities provider’s stock valued at $4,684,000 after buying an additional 12,390 shares during the period. Northpointe Capital LLC purchased a new stake in Entergy in the third quarter worth $2,681,000. Janus Henderson Group PLC increased its stake in Entergy by 13.2% in the third quarter. Janus Henderson Group PLC now owns 105,648 shares of the utilities provider’s stock worth $8,067,000 after purchasing an additional 12,285 shares during the period. Nine Chapters Capital Management LLC purchased a new stake in Entergy in the third quarter worth $756,000. Finally, Acadian Asset Management LLC increased its stake in Entergy by 190.5% in the fourth quarter. Acadian Asset Management LLC now owns 30,030 shares of the utilities provider’s stock worth $2,444,000 after purchasing an additional 19,693 shares during the period. Institutional investors own 83.14% of the company’s stock.
In other news, EVP Marcus V. Brown sold 3,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $86.42, for a total transaction of $259,260.00. Following the transaction, the executive vice president now owns 22,264 shares of the company’s stock, valued at approximately $1,924,054.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Wednesday, February 7th. Entergy’s payout ratio is -72.06%.
A number of analysts have weighed in on the company. Bank of America upgraded Entergy from a “neutral” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Tuesday, December 12th. TheStreet lowered Entergy from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th. Morgan Stanley increased their target price on Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Wells Fargo & Co reiterated an “outperform” rating and issued a $96.00 target price (up previously from $90.00) on shares of Entergy in a research note on Wednesday, October 25th. Finally, Jefferies Group upgraded Entergy from a “hold” rating to a “buy” rating in a research note on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $84.36.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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