Norinchukin Bank The Acquires 8,647 Shares of Entergy Corporation (NYSE:ETR)

Norinchukin Bank The increased its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 106.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,800 shares of the utilities provider's stock after purchasing an additional 8,647 shares during the period. Norinchukin Bank The's holdings in Entergy were worth $1,274,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortis Group Advisors LLC boosted its position 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 acquiring an additional 172 shares during the last quarter. NBT Bank N A NY increased its holdings in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after buying an additional 170 shares during the last quarter. Duncker Streett & Co. Inc. raised its position in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the period. Sandy Spring Bank boosted its holdings in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares during the last quarter. Finally, Riverview Trust Co increased its stake in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after acquiring an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Down 0.4 %

Shares of Entergy stock traded down $0.37 during midday trading on Friday, reaching $84.60. 2,697,771 shares of the company's stock traded hands, compared to its average volume of 3,674,206. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The company's 50 day simple moving average is $83.57 and its 200 day simple moving average is $78.25. The company has a market cap of $36.44 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last announced 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. The company had revenue of $2.74 billion for 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 quarter last year, the company posted $0.26 earnings per share. Equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio is 98.77%.

Analyst Upgrades and Downgrades

ETR has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. UBS Group boosted their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Barclays raised their target price on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. LADENBURG THALM/SH SH raised shares of 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. Finally, Scotiabank reduced 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. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.25.

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.