Nicolet Advisory Services LLC Buys 1,703 Shares of Entergy Corporation (NYSE:ETR)

Nicolet Advisory Services LLC grew its stake in shares of Entergy Corporation (NYSE:ETR) by 100.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,396 shares of the utilities provider’s stock after acquiring an additional 1,703 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Entergy were worth $259,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ETR. OneAscent Financial Services LLC purchased a new position in Entergy in the 4th quarter worth approximately $585,000. Meeder Advisory Services Inc. increased its holdings in shares of Entergy by 126.5% in the 4th quarter. Meeder Advisory Services Inc. now owns 11,511 shares of the utilities provider’s stock worth $873,000 after purchasing an additional 6,429 shares in the last quarter. Groupama Asset Managment raised its stake in shares of Entergy by 152.5% in the fourth quarter. Groupama Asset Managment now owns 451,360 shares of the utilities provider’s stock worth $34,191,000 after purchasing an additional 272,612 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Entergy by 106.2% during the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock valued at $774,103,000 after purchasing an additional 5,271,559 shares in the last quarter. Finally, Diametric Capital LP purchased a new stake in shares of Entergy during the fourth quarter valued at $354,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 7.1 %

Shares of ETR opened at $79.02 on Friday. The business’s 50 day moving average is $83.52 and its 200 day moving average is $76.52. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The company has a market capitalization of $34.04 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56.

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

Entergy Announces Dividend

The company 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 was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.04%. Entergy’s payout ratio is 98.77%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ETR shares. BMO Capital Markets boosted their target price on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Scotiabank cut their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. UBS Group increased their price target on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a report on Friday, March 21st. Finally, LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.75.

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.