Jackson Square Capital LLC Has $1.10 Million Position in Entergy Corporation (NYSE:ETR)

Jackson Square Capital LLC lowered its holdings in shares of Entergy Corporation (NYSE:ETR) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 12,884 shares of the utilities provider’s stock after selling 268 shares during the quarter. Jackson Square Capital LLC’s holdings in Entergy were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ETR. Vanguard Group Inc. boosted its stake in Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after buying an additional 26,312,267 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider’s stock valued at $1,334,034,000 after purchasing an additional 10,347,926 shares in the last quarter. FMR LLC boosted its stake in shares of Entergy by 90.7% in the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock valued at $956,273,000 after purchasing an additional 5,998,760 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Entergy by 71.4% in the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider’s stock valued at $976,895,000 after purchasing an additional 5,368,396 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Entergy by 106.2% in the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock valued at $774,103,000 after purchasing an additional 5,271,559 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of NYSE:ETR opened at $81.98 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38. The stock has a market capitalization of $35.31 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.34 and a beta of 0.59. The business has a 50-day moving average price of $82.60 and a two-hundred day moving average price of $81.20.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the company posted $0.54 EPS. Equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.93%. Entergy’s payout ratio is presently 77.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ETR shares. Wells Fargo & Company boosted their target price on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI boosted their target price on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, Raymond James started coverage on Entergy in a report on Friday. They issued a “market perform” rating for the company. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.04.

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.