JPMorgan Chase & Co. grew its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 105.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,363,219 shares of the utilities provider's stock after acquiring 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 institutional investors have also recently bought and sold shares of the company. Acropolis Investment Management LLC increased its position in Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider's stock worth $1,163,000 after purchasing an additional 69 shares in the last quarter. Hall Laurie J Trustee increased its holdings in shares of Entergy by 50.0% during the fourth quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock worth $34,000 after buying an additional 150 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Entergy by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock valued at $2,224,000 after acquiring an additional 162 shares during the last quarter. NBT Bank N A NY lifted 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 acquiring an additional 170 shares during the last quarter. Finally, Fortis Group Advisors LLC boosted its holdings in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.
Entergy Stock Up 1.0 %
Shares of ETR stock traded up $0.85 on Wednesday, hitting $86.51. The stock had a trading volume of 1,506,827 shares, compared to its average volume of 3,590,103. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The business has a 50 day moving average of $83.45 and a 200 day moving average of $76.28. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The stock has a market cap of $37.27 billion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.
Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the firm earned $0.26 EPS. As a group, analysts expect that Entergy Corporation will post 3.88 EPS for the current year.
Entergy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio (DPR) is currently 98.77%.
Wall Street Analyst Weigh In
ETR has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. UBS Group raised their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a report on Thursday, January 30th. BMO Capital Markets raised their price target on shares of Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.75.
Read Our Latest Report on ETR
Entergy Company Profile
(
Free Report)
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.
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