Zurcher Kantonalbank Zurich Cantonalbank Acquires 64,527 Shares of Entergy Corporation (NYSE:ETR)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Entergy Corporation (NYSE:ETR) by 122.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,407 shares of the utilities provider’s stock after purchasing an additional 64,527 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Entergy were worth $8,902,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of Entergy in the 3rd quarter valued at $27,000. Coastline Trust Co acquired a new stake in shares of Entergy in the 3rd quarter valued at $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Entergy in the 3rd quarter valued at $42,000. NBT Bank N A NY increased its stake in shares of Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares during the period. Finally, Fortis Group Advisors LLC increased its stake in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after buying an additional 172 shares during the period. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ETR shares. Evercore ISI lifted their target price on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. BMO Capital Markets lifted their target price on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Scotiabank decreased their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.11.

Entergy Stock Up 0.3 %

NYSE:ETR opened at $82.85 on Friday. Entergy Corporation has a 1 year low of $50.19 and a 1 year 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. The stock has a market cap of $35.66 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 2.34 and a beta of 0.68. The stock has a 50-day moving average price of $81.91 and a two-hundred day moving average price of $73.94.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) 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 in the previous year, the firm earned $0.26 earnings per share. As a group, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.90%. Entergy’s dividend payout ratio (DPR) is 98.77%.

Entergy Company 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.