JPMorgan Chase & Co. Has $16.01 Million Stake in Entergy Co. (ETR)

JPMorgan Chase & Co. grew its stake in shares of Entergy Co. (NYSE:ETR) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,393 shares of the utilities provider’s stock after purchasing an additional 8,088 shares during the period. JPMorgan Chase & Co. owned about 0.11% of Entergy worth $16,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Segment Wealth Management LLC purchased a new stake in shares of Entergy during the third quarter valued at $202,000. Ahrens Investment Partners LLC purchased a new stake in shares of Entergy during the third quarter valued at $216,000. Private Advisor Group LLC purchased a new stake in shares of Entergy during the third quarter valued at $248,000. Advisors Preferred LLC lifted its holdings in shares of Entergy by 44.8% during the third quarter. Advisors Preferred LLC now owns 3,154 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 976 shares during the last quarter. Finally, Atlas Capital Advisors LLC lifted its holdings in shares of Entergy by 874.3% during the third quarter. Atlas Capital Advisors LLC now owns 3,186 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 2,859 shares during the last quarter. 93.97% of the stock is owned by institutional investors and hedge funds.

ETR opened at $90.86 on Wednesday. The company has a market capitalization of $16.41 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 2.42 and a beta of 0.39. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 1.88. Entergy Co. has a 12-month low of $73.55 and a 12-month high of $91.17.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 14th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.01%. Entergy’s dividend payout ratio is currently 50.56%.

ETR has been the subject of several research analyst reports. Citigroup increased their price objective on Entergy from $88.00 to $89.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Bank of America increased their price objective on Entergy from $91.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research reissued a “strong-buy” rating and issued a $97.00 price objective on shares of Entergy in a research note on Tuesday, November 13th. ValuEngine raised Entergy from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $91.00 price objective on shares of Entergy in a research note on Wednesday, January 23rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Entergy presently has a consensus rating of “Buy” and an average price target of $90.27.

In other Entergy news, CFO Andrew S. Marsh sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $88.14, for a total value of $705,120.00. Following the completion of the sale, the chief financial officer now owns 76,343 shares in the company, valued at approximately $6,728,872.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 500 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $87.06, for a total value of $43,530.00. Following the completion of the sale, the insider now owns 2,090 shares of the company’s stock, valued at approximately $181,955.40. The disclosure for this sale can be found here. Insiders sold a total of 101,527 shares of company stock valued at $8,928,201 in the last quarter. Corporate insiders own 0.25% of the company’s stock.

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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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