Nomura Asset Management Co. Ltd. Purchases 65,897 Shares of Entergy Corporation (NYSE:ETR)

Nomura Asset Management Co. Ltd. lifted its position in shares of Entergy Corporation (NYSE:ETR) by 101.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,914 shares of the utilities provider’s stock after buying an additional 65,897 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Entergy were worth $9,926,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in Entergy during the 3rd quarter worth about $27,000. NBT Bank N A NY grew 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 worth $26,000 after purchasing an additional 170 shares during the period. Fortis Group Advisors LLC increased its holdings in 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. Duncker Streett & Co. Inc. lifted its stake in Entergy by 100.0% in 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 during the period. Finally, Sandy Spring Bank boosted its holdings in shares of Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 0.4 %

Shares of ETR stock opened at $84.38 on Monday. 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 company has a market capitalization of $36.35 billion, a price-to-earnings ratio of 34.65, 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. The company has a 50-day simple moving average of $83.34 and a two-hundred day simple moving average of $75.96.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the business posted $0.26 earnings per share. Research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Monday, February 10th. Entergy’s payout ratio is 98.77%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ETR shares. Morgan Stanley boosted 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. BMO Capital Markets increased their price objective on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.75.

About Entergy

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.