Meeder Asset Management Inc. Has $410,000 Position in Entergy Corporation (NYSE:ETR)

Meeder Asset Management Inc. cut its holdings in Entergy Corporation (NYSE:ETR) by 86.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,406 shares of the utilities provider’s stock after selling 33,813 shares during the quarter. Meeder Asset Management Inc.’s holdings in Entergy were worth $410,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Strategic Financial Concepts LLC bought a new stake in shares of Entergy during the fourth quarter worth $4,393,000. Flagship Harbor Advisors LLC boosted its stake in Entergy by 74.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock worth $603,000 after purchasing an additional 3,393 shares during the period. LaFleur & Godfrey LLC bought a new position in Entergy during the 4th quarter worth about $217,000. Avior Wealth Management LLC raised its stake in shares of Entergy by 324.3% in the 4th quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 561 shares during the period. Finally, Braun Stacey Associates Inc. lifted its holdings in shares of Entergy by 88.8% in the fourth quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider’s stock valued at $27,333,000 after purchasing an additional 169,511 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on ETR. Scotiabank decreased their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. BMO Capital Markets raised their price target on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley raised their target price on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Finally, Evercore ISI boosted their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.75.

Entergy Trading Up 1.4 %

Entergy stock opened at $85.63 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a 50-day simple moving average of $83.41 and a 200 day simple moving average of $76.13. The stock has a market capitalization of $36.89 billion, a P/E ratio of 35.17, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38.

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

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio is presently 98.77%.

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.