Jamison Private Wealth Management Inc. Grows Holdings in Entergy Co. (NYSE:ETR)

Jamison Private Wealth Management Inc. raised its position in shares of Entergy Co. (NYSE:ETR) by 104.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 457 shares of the utilities provider’s stock after purchasing an additional 234 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Entergy were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Capital International Investors lifted its stake in shares of Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after buying an additional 1,630,057 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Entergy by 25.2% in the fourth quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock valued at $400,901,000 after acquiring an additional 796,316 shares in the last quarter. ClearBridge Investments Ltd lifted its position in shares of Entergy by 29.3% in the fourth quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities provider’s stock valued at $315,254,000 after acquiring an additional 706,059 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Entergy by 9.8% in the fourth quarter. Federated Hermes Inc. now owns 2,904,933 shares of the utilities provider’s stock worth $293,950,000 after acquiring an additional 258,806 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Entergy by 22.5% during the first quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock worth $290,963,000 after purchasing an additional 505,705 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Entergy Trading Down 0.7 %

Entergy stock traded down $0.82 during mid-day trading on Friday, hitting $116.40. The company’s stock had a trading volume of 159,456 shares, compared to its average volume of 1,522,316. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.45 and a current ratio of 0.94. The company has a 50 day moving average of $109.78 and a 200-day moving average of $106.14. Entergy Co. has a one year low of $87.10 and a one year high of $123.61. The stock has a market cap of $24.86 billion, a PE ratio of 11.76, a P/E/G ratio of 2.29 and a beta of 0.71.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the business posted $1.84 earnings per share. On average, research analysts anticipate that Entergy Co. will post 7.21 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $4.52 annualized dividend and a yield of 3.88%. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Scotiabank upped their target price on shares of Entergy from $104.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Morgan Stanley reduced their price target on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a report on Monday, June 24th. Mizuho boosted their price target on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Guggenheim lifted their target price on Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.19.

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.