Nomura Holdings Inc. purchased a new position in Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,132 shares of the utilities provider's stock, valued at approximately $1,071,000.
A number of other institutional investors also recently bought and sold shares of ETR. JPMorgan Chase & Co. lifted its position in shares of Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock worth $472,444,000 after purchasing an additional 1,354,355 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Entergy by 79.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 2,836 shares of the utilities provider's stock worth $215,000 after purchasing an additional 1,258 shares during the last quarter. Carnegie Investment Counsel lifted its position in shares of Entergy by 100.0% during the fourth quarter. Carnegie Investment Counsel now owns 13,550 shares of the utilities provider's stock worth $1,027,000 after purchasing an additional 6,775 shares during the last quarter. Hennessy Advisors Inc. lifted its position in shares of Entergy by 100.0% during the fourth quarter. Hennessy Advisors Inc. now owns 6,720 shares of the utilities provider's stock worth $510,000 after purchasing an additional 3,360 shares during the last quarter. Finally, Procyon Advisors LLC lifted its position in shares of Entergy by 24.3% during the fourth quarter. Procyon Advisors LLC now owns 4,241 shares of the utilities provider's stock worth $322,000 after purchasing an additional 829 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Evercore ISI lifted their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. BMO Capital Markets lifted their price objective on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Morgan Stanley restated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Finally, LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.04.
Check Out Our Latest Stock Analysis on ETR
Entergy Stock Performance
NYSE ETR opened at $83.10 on Monday. The stock has a market cap of $35.80 billion, a PE ratio of 34.13, a P/E/G ratio of 2.34 and a beta of 0.62. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38. The stock has a fifty day simple moving average of $83.03 and a 200-day simple moving average of $80.16.
Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.
Entergy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. Entergy's payout ratio is currently 77.92%.
About Entergy
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR - Free Report).
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