Entergy Corporation (NYSE:ETR) Stock Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of Entergy Corporation (NYSE:ETR) by 105.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,363,219 shares of the utilities provider’s stock after buying an additional 3,773,492 shares during the quarter. JPMorgan Chase & Co. owned 1.72% of Entergy worth $558,279,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fortis Group Advisors LLC increased its holdings 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 valued at $26,000 after buying an additional 172 shares in the last quarter. NBT Bank N A NY raised its position in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 170 shares during the period. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy during the third quarter valued at $27,000. Duncker Streett & Co. Inc. lifted its holdings in shares of Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Sandy Spring Bank boosted its position in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 0.4 %

Entergy stock opened at $84.38 on Friday. 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 1-year low of $50.19 and a 1-year high of $88.38. The firm’s fifty day simple moving average is $83.34 and its 200-day simple moving average is $75.86. The company has a market capitalization of $36.35 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The company 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 quarter in the previous year, the firm earned $0.26 earnings per share. Sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given 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 of this dividend was Monday, February 10th. Entergy’s dividend payout ratio is 98.77%.

Analyst Ratings Changes

A number of research firms have commented on ETR. Evercore ISI upped their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Morgan Stanley boosted 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. BMO Capital Markets raised 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. Finally, UBS Group increased 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. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.