Zions Bancorporation N.A. Buys 20,460 Shares of Entergy Corporation (NYSE:ETR)

Zions Bancorporation N.A. boosted its position in Entergy Corporation (NYSE:ETR) by 44.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,727 shares of the utilities provider’s stock after purchasing an additional 20,460 shares during the period. Zions Bancorporation N.A.’s holdings in Entergy were worth $5,059,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Pathstone Holdings LLC increased its stake in Entergy by 6.9% in the 3rd quarter. Pathstone Holdings LLC now owns 16,862 shares of the utilities provider’s stock worth $2,219,000 after buying an additional 1,081 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Entergy during the 3rd quarter valued at approximately $564,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Entergy by 7.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 33,768 shares of the utilities provider’s stock worth $4,444,000 after purchasing an additional 2,287 shares in the last quarter. Citigroup Inc. boosted its stake in Entergy by 13.9% in the 3rd quarter. Citigroup Inc. now owns 215,070 shares of the utilities provider’s stock worth $28,305,000 after purchasing an additional 26,167 shares during the period. Finally, Nicolet Advisory Services LLC purchased a new stake in Entergy during the 3rd quarter valued at approximately $225,000. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Entergy stock opened at $84.04 on Tuesday. 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 Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The firm has a market cap of $36.20 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company’s 50 day moving average is $83.04 and its two-hundred day moving average is $75.32.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the company posted $0.26 earnings per share. On average, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.86%. Entergy’s dividend payout ratio is presently 98.77%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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 research note on Thursday, March 20th. UBS Group lifted their target price on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. BMO Capital Markets raised their price target on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Six equities research 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.75.

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.