JPMorgan Chase & Co. Boosts Holdings in Entergy Co. (ETR)

JPMorgan Chase & Co. raised its stake in Entergy Co. (NYSE:ETR) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,393 shares of the utilities provider’s stock after acquiring an additional 8,088 shares during the quarter. JPMorgan Chase & Co.’s holdings in Entergy were worth $16,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BTC Capital Management Inc. boosted its stake in shares of Entergy by 1.4% in the 2nd quarter. BTC Capital Management Inc. now owns 43,863 shares of the utilities provider’s stock valued at $3,542,000 after purchasing an additional 599 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Entergy by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 26,393 shares of the utilities provider’s stock valued at $2,132,000 after purchasing an additional 657 shares during the last quarter. Reinhart Partners Inc. boosted its stake in shares of Entergy by 0.3% in the 3rd quarter. Reinhart Partners Inc. now owns 204,714 shares of the utilities provider’s stock valued at $16,608,000 after purchasing an additional 666 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Entergy by 3.8% in the 2nd quarter. Baird Financial Group Inc. now owns 20,230 shares of the utilities provider’s stock valued at $1,634,000 after purchasing an additional 748 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Entergy by 7.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,404 shares of the utilities provider’s stock valued at $958,000 after purchasing an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Entergy stock opened at $88.25 on Friday. Entergy Co. has a fifty-two week low of $71.95 and a fifty-two week high of $89.43. The company has a market cap of $16.12 billion, a P/E ratio of 11.90, a PEG ratio of 1.82 and a beta of 0.42. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.49 and a current ratio of 0.64.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.94. Entergy had a net margin of 4.01% and a return on equity of 16.94%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the firm earned $2.35 EPS. Analysts expect that Entergy Co. will post 6.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Thursday, November 8th were paid a dividend of $0.91 per share. This is a positive change from Entergy’s previous quarterly dividend of $0.89. The ex-dividend date was Wednesday, November 7th. This represents a $3.64 annualized dividend and a yield of 4.12%. Entergy’s dividend payout ratio (DPR) is presently 50.56%.

In related news, insider Haley Fisackerly sold 4,900 shares of Entergy stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $87.00, for a total transaction of $426,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Leo P. Denault sold 42,477 shares of Entergy stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $86.47, for a total transaction of $3,672,986.19. The disclosure for this sale can be found here. Insiders have sold a total of 78,727 shares of company stock worth $6,822,282 in the last three months. 0.24% of the stock is owned by insiders.

ETR has been the topic of several recent research reports. Morgan Stanley reduced their target price on shares of Entergy from $87.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, September 21st. Bank of America raised their target price on shares of Entergy from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. JPMorgan Chase & Co. raised their target price on shares of Entergy from $82.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, August 29th. Zacks Investment Research reaffirmed a “strong-buy” rating and issued a $97.00 target price on shares of Entergy in a research note on Tuesday, November 13th. Finally, Citigroup raised their target price on shares of Entergy from $88.00 to $89.00 and gave the company a “buy” rating in a research note on Wednesday, October 17th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $89.63.

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Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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