Entergy Corporation (NYSE:ETR) Stock Position Lifted by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its holdings in Entergy Corporation (NYSE:ETR) by 193.1% in the 4th quarter, HoldingsChannel reports. The firm owned 40,642 shares of the utilities provider’s stock after purchasing an additional 26,778 shares during the quarter. Mizuho Securities USA LLC’s holdings in Entergy were worth $3,081,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ETR. Fortis Group Advisors LLC grew its stake in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. NBT Bank N A NY boosted its stake in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Entergy during the third quarter valued at about $27,000. Duncker Streett & Co. Inc. boosted its stake in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares in the last quarter. Finally, Sandy Spring Bank boosted its stake in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 1.1 %

Shares of Entergy stock opened at $83.74 on Monday. The stock has a 50-day moving average price of $82.90 and a 200 day moving average price of $75.16. The company has a market cap of $36.07 billion, a P/E ratio of 34.39, a P/E/G ratio of 2.34 and a beta of 0.68. 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 1 year low of $50.19 and a 1 year high of $88.38.

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

Entergy Announces Dividend

The company also recently declared 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 2.87%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ETR. JPMorgan Chase & Co. raised their target price on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. BMO Capital Markets raised their target price on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Evercore ISI raised their target price on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Finally, Scotiabank reduced their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $84.75.

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.