Nomura Asset Management Co. Ltd. Has $9.93 Million Stake in Entergy Corporation (NYSE:ETR)

Nomura Asset Management Co. Ltd. increased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 101.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 130,914 shares of the utilities provider's stock after purchasing 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 large investors have also recently added to or reduced their stakes in ETR. Vanguard Group Inc. boosted its holdings in shares of Entergy by 101.9% during the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after buying an additional 26,312,267 shares during the period. State Street Corp lifted its position in Entergy by 1.1% during the 3rd quarter. State Street Corp now owns 11,408,776 shares of the utilities provider's stock worth $1,501,509,000 after acquiring an additional 128,667 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Entergy by 105.1% during the fourth quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider's stock valued at $558,279,000 after acquiring an additional 3,773,492 shares during the period. Franklin Resources Inc. grew its position in shares of Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock valued at $754,318,000 after purchasing an additional 1,981,611 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Entergy by 0.8% in the third quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider's stock worth $651,206,000 after purchasing an additional 37,279 shares during the period. Institutional investors own 88.07% of the company's stock.

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Analyst Upgrades and Downgrades

ETR has been the subject of several recent analyst reports. UBS Group increased their target price on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Morgan Stanley increased their price objective on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Scotiabank dropped their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $84.75.

Entergy Price Performance

ETR traded down $0.90 during midday trading on Thursday, reaching $85.71. 3,069,600 shares of the company's stock were exchanged, compared to its average volume of 3,600,914. The business has a 50-day simple moving average of $83.53 and a two-hundred day simple moving average of $76.36. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. The firm has a market capitalization of $36.92 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations 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 firm posted $0.26 EPS. As a group, research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 dividend yield of 2.80%. Entergy's dividend payout ratio (DPR) is currently 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.