Mizuho Securities USA LLC Purchases 26,778 Shares of Entergy Corporation (NYSE:ETR)

Mizuho Securities USA LLC lifted its position in Entergy Corporation (NYSE:ETR - Free Report) by 193.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,642 shares of the utilities provider's stock after purchasing an additional 26,778 shares during the period. Mizuho Securities USA LLC's holdings in Entergy were worth $3,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Strategic Financial Concepts LLC purchased a new stake in Entergy during the 4th quarter valued at about $4,393,000. Flagship Harbor Advisors LLC lifted its position in shares of Entergy by 74.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after purchasing an additional 3,393 shares in the last quarter. LaFleur & Godfrey LLC purchased a new position in Entergy in the 4th quarter valued at approximately $217,000. Avior Wealth Management LLC increased its holdings in Entergy by 324.3% during the 4th quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock worth $56,000 after purchasing an additional 561 shares during the period. Finally, Braun Stacey Associates Inc. raised its holdings in Entergy by 88.8% in the fourth quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider's stock valued at $27,333,000 after acquiring an additional 169,511 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ETR. Wells Fargo & Company increased their price target on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. UBS Group raised their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. 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 research report on Thursday, January 30th. Evercore ISI boosted their price target on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley raised their target price on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and an average target price of $84.75.

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Entergy Stock Down 0.2 %

Shares of ETR stock traded down $0.15 on Thursday, hitting $83.96. The company's stock had a trading volume of 4,320,657 shares, compared to its average volume of 3,355,154. 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 stock has a market capitalization of $36.17 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 2.34 and a beta of 0.68. The firm's fifty day moving average price is $83.25 and its 200-day moving average price is $75.53. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS 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 during the quarter, compared to analysts' expectations of $3.24 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. Research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio is 98.77%.

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.