NBC Securities Inc. Purchases 48,451 Shares of Entergy Corporation (NYSE:ETR)

NBC Securities Inc. grew its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 103,087.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,498 shares of the utilities provider's stock after purchasing an additional 48,451 shares during the quarter. NBC Securities Inc.'s holdings in Entergy were worth $4,146,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Fiduciary Alliance LLC bought a new position in Entergy during the 1st quarter worth approximately $214,000. Czech National Bank grew its position in Entergy by 5.9% during the 1st quarter. Czech National Bank now owns 98,492 shares of the utilities provider's stock worth $8,420,000 after acquiring an additional 5,516 shares during the last quarter. 180 Wealth Advisors LLC bought a new position in Entergy during the 1st quarter worth approximately $207,000. Rhumbline Advisers grew its position in Entergy by 8.6% during the 1st quarter. Rhumbline Advisers now owns 798,615 shares of the utilities provider's stock worth $68,273,000 after acquiring an additional 63,473 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in Entergy by 54.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,772 shares of the utilities provider's stock worth $750,000 after acquiring an additional 3,096 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ETR. JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Wednesday, May 14th. BMO Capital Markets increased their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays increased their price objective on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company increased their price objective on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Entergy has a consensus rating of "Moderate Buy" and an average price target of $86.04.

Entergy Stock Down 0.2%

ETR stock traded down $0.20 on Thursday, reaching $81.69. 322,024 shares of the company traded hands, compared to its average volume of 3,621,882. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The company has a market cap of $35.19 billion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The firm has a fifty day simple moving average of $82.69 and a 200-day simple moving average of $80.88.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company earned $0.54 EPS. Research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy's dividend payout ratio (DPR) is presently 77.92%.

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.