J.P. Morgan Private Wealth Advisors LLC Has $2.70 Million Stock Holdings in Entergy Co. (NYSE:ETR)

J.P. Morgan Private Wealth Advisors LLC increased its holdings in shares of Entergy Co. (NYSE:ETRFree Report) by 19.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,202 shares of the utilities provider’s stock after acquiring an additional 4,812 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Entergy were worth $2,701,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in Entergy during the 1st quarter worth $29,000. Dimensional Fund Advisors LP lifted its holdings in Entergy by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 637,493 shares of the utilities provider’s stock worth $74,429,000 after buying an additional 11,568 shares in the last quarter. Blair William & Co. IL lifted its holdings in Entergy by 20.0% during the 1st quarter. Blair William & Co. IL now owns 44,607 shares of the utilities provider’s stock worth $5,208,000 after buying an additional 7,434 shares in the last quarter. Sei Investments Co. lifted its holdings in Entergy by 52.8% during the 1st quarter. Sei Investments Co. now owns 189,102 shares of the utilities provider’s stock worth $22,074,000 after buying an additional 65,376 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Entergy by 37.7% in the 1st quarter. Allianz Asset Management GmbH now owns 288,794 shares of the utilities provider’s stock valued at $33,717,000 after purchasing an additional 79,137 shares during the period. 86.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ETR. Royal Bank of Canada downgraded Entergy from an “outperform” rating to a “sector perform” rating and set a $117.00 price target on the stock. in a research note on Wednesday, November 8th. Morgan Stanley increased their price target on Entergy from $92.00 to $94.00 and gave the company an “underweight” rating in a research note on Tuesday, November 21st. Guggenheim increased their price target on Entergy from $99.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Mizuho cut their price target on Entergy from $113.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Entergy from $117.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.82.

Check Out Our Latest Analysis on Entergy

Entergy Price Performance

ETR stock opened at $97.95 on Friday. The stock has a 50-day moving average price of $101.04 and a two-hundred day moving average price of $98.07. The stock has a market cap of $20.71 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.95 and a beta of 0.71. The company has a current ratio of 0.91, a quick ratio of 0.65 and a debt-to-equity ratio of 1.80. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $111.90.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Thursday, February 8th. Entergy’s dividend payout ratio (DPR) is presently 64.94%.

Insider Activity

In other news, EVP Marcus V. Brown sold 38,417 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $101.53, for a total value of $3,900,478.01. Following the completion of the transaction, the executive vice president now owns 9,380 shares in the company, valued at approximately $952,351.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by corporate insiders.

About Entergy

(Free Report)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

Further Reading

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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