Entergy Corporation $ETR Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in Entergy Corporation (NYSE:ETR) by 3.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 14,648,707 shares of the utilities provider’s stock after buying an additional 472,761 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.28% of Entergy worth $1,365,113,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. State of New Jersey Common Pension Fund D lifted its holdings in Entergy by 4.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 155,538 shares of the utilities provider’s stock worth $14,495,000 after acquiring an additional 6,175 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Entergy by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 152,318 shares of the utilities provider’s stock worth $14,194,000 after purchasing an additional 1,607 shares during the period. BTC Capital Management Inc. raised its position in shares of Entergy by 21.8% during the 3rd quarter. BTC Capital Management Inc. now owns 44,874 shares of the utilities provider’s stock worth $4,181,000 after purchasing an additional 8,046 shares during the period. Camden National Bank bought a new stake in shares of Entergy in the 3rd quarter worth approximately $205,000. Finally, Cookson Peirce & Co. Inc. boosted its position in Entergy by 2.5% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 18,650 shares of the utilities provider’s stock valued at $1,738,000 after purchasing an additional 449 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $105.09 on Tuesday. The firm has a market capitalization of $46.93 billion, a PE ratio of 26.88, a P/E/G ratio of 2.34 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average price of $94.94 and a 200 day moving average price of $93.53. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $105.69.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. Entergy had a return on equity of 11.04% and a net margin of 13.66%.During the same period in the prior year, the company posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, 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 announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, February 9th. Entergy’s dividend payout ratio is 65.47%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an “underperform” rating on shares of Entergy in a research report on Wednesday, January 21st. Evercore increased their price objective on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Citigroup lifted their price objective on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Wall Street Zen upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, KeyCorp set a $102.00 price target on shares of Entergy and gave the company an “overweight” rating in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $105.72.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.