Jackson Square Capital LLC Takes Position in Entergy Co. (NYSE:ETR)

Jackson Square Capital LLC bought a new position in Entergy Co. (NYSE:ETR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,576 shares of the utilities provider's stock, valued at approximately $865,000.

Other institutional investors have also recently bought and sold shares of the company. Norden Group LLC purchased a new position in shares of Entergy in the 1st quarter worth $204,000. Private Advisor Group LLC lifted its stake in shares of Entergy by 32.1% in the 1st quarter. Private Advisor Group LLC now owns 6,195 shares of the utilities provider's stock valued at $655,000 after purchasing an additional 1,505 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Entergy by 4.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,366 shares of the utilities provider's stock worth $4,042,000 after purchasing an additional 1,634 shares during the period. Quent Capital LLC increased its position in Entergy by 21.7% during the 1st quarter. Quent Capital LLC now owns 550 shares of the utilities provider's stock worth $58,000 after purchasing an additional 98 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in Entergy by 1.8% in the first quarter. Mutual of America Capital Management LLC now owns 49,897 shares of the utilities provider's stock valued at $5,273,000 after buying an additional 892 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Argus raised shares of Entergy to a "strong-buy" rating in a research report on Wednesday, August 28th. Wells Fargo & Company raised their price objective on Entergy from $137.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Guggenheim upped their target price on Entergy from $145.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Entergy from $131.00 to $141.00 and gave the company an "overweight" rating in a report on Monday, August 12th. Finally, Bank of America lowered Entergy from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $138.00 to $154.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned 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 $150.96.

Insider Transactions at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 600 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,092,241.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,092,241.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction on Monday, September 9th. The shares were sold at an average price of $122.56, for a total value of $398,320.00. Following the transaction, the chief operating officer now owns 34,993 shares in the company, valued at $4,288,742.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,338 shares of company stock valued at $4,460,238 over the last three months. Company insiders own 0.54% of the company's stock.

Entergy Price Performance

NYSE ETR traded down $0.10 on Thursday, reaching $145.96. 1,375,152 shares of the stock traded hands, compared to its average volume of 1,606,160. Entergy Co. has a 12 month low of $94.85 and a 12 month high of $156.85. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The firm's fifty day simple moving average is $131.25 and its 200 day simple moving average is $118.08. The company has a market cap of $31.30 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 2.69 and a beta of 0.71.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.91 by $0.08. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period in the prior year, the business earned $3.27 earnings per share. As a group, research analysts predict that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.29%. This is a boost from Entergy's previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy's payout ratio is presently 55.05%.

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.