Entergy Corporation (NYSE:ETR) Stock Holdings Lifted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 70.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,202,456 shares of the utilities provider's stock after acquiring an additional 912,691 shares during the period. Pictet Asset Management Holding SA owned 0.51% of Entergy worth $166,990,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its position in Entergy by 101.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 130,914 shares of the utilities provider's stock worth $9,926,000 after purchasing an additional 65,897 shares during the last quarter. Duff & Phelps Investment Management Co. grew its holdings in Entergy by 117.3% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,563,177 shares of the utilities provider's stock worth $118,520,000 after buying an additional 843,752 shares in the last quarter. Norges Bank acquired a new stake in Entergy in the 4th quarter valued at approximately $259,944,000. Blair William & Co. IL raised its stake in Entergy by 137.1% during the 4th quarter. Blair William & Co. IL now owns 21,297 shares of the utilities provider's stock valued at $1,615,000 after acquiring an additional 12,315 shares in the last quarter. Finally, Providence Wealth Advisors LLC raised its stake in Entergy by 249.8% during the 4th quarter. Providence Wealth Advisors LLC now owns 7,006 shares of the utilities provider's stock valued at $526,000 after acquiring an additional 5,003 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. KeyCorp lowered shares of Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. BMO Capital Markets raised their price objective on shares of Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Scotiabank cut their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued 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 Stock Up 0.6 %

NYSE:ETR traded up $0.54 during trading hours on Wednesday, hitting $86.20. 868,154 shares of the stock traded hands, compared to its average volume of 4,183,035. The firm has a 50 day moving average price of $83.45 and a 200 day moving average price of $76.28. The firm has a market cap of $37.13 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. 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 (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.78%. Entergy's dividend payout ratio is presently 98.77%.

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.