JPMorgan Chase & Co. Has $558.28 Million Holdings in Entergy Corporation (NYSE:ETR)

JPMorgan Chase & Co. lifted its stake in Entergy Corporation (NYSE:ETR) by 105.1% during the 4th quarter, HoldingsChannel reports. The fund owned 7,363,219 shares of the utilities provider’s stock after buying an additional 3,773,492 shares during the period. JPMorgan Chase & Co.’s holdings in Entergy were worth $558,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new position in Entergy in the 3rd quarter valued at approximately $27,000. NBT Bank N A NY raised its stake in shares of Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Fortis Group Advisors LLC lifted its position in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. Duncker Streett & Co. Inc. boosted its stake in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares in the last quarter. Finally, Sandy Spring Bank raised its stake 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 buying an additional 179 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

ETR opened at $84.38 on Friday. 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 company’s 50 day simple moving average is $83.34 and its 200-day simple moving average is $75.86. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. The stock has a market capitalization of $36.35 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the company earned $0.26 EPS. Sell-side analysts anticipate 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. Shareholders of record on Monday, February 10th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.84%. Entergy’s dividend payout ratio is currently 98.77%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ETR shares. Morgan Stanley upped 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. Evercore ISI increased their target price on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Scotiabank decreased their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.