Brighton Jones LLC Makes New $237,000 Investment in Entergy Co. (NYSE:ETR)

Brighton Jones LLC purchased a new position in Entergy Co. (NYSE:ETR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,342 shares of the utilities provider’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Entergy by 0.4% in the third quarter. Vanguard Group Inc. now owns 26,038,725 shares of the utilities provider’s stock worth $2,408,582,000 after purchasing an additional 104,803 shares during the last quarter. FMR LLC grew its holdings in Entergy by 64.4% in the third quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock worth $422,019,000 after purchasing an additional 1,787,977 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Entergy by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 4,506,843 shares of the utilities provider’s stock worth $416,883,000 after purchasing an additional 48,047 shares during the last quarter. Federated Hermes Inc. grew its holdings in 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 purchasing an additional 258,806 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Entergy by 16.4% in the third quarter. JPMorgan Chase & Co. now owns 2,506,022 shares of the utilities provider’s stock worth $231,807,000 after purchasing an additional 352,847 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the transaction, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the transaction, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the transaction, the executive vice president now owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,000 shares of company stock worth $1,226,685. Company insiders own 0.39% of the company’s stock.

Entergy Price Performance

NYSE:ETR opened at $108.08 on Friday. Entergy Co. has a one year low of $87.10 and a one year high of $108.45. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.99 and a beta of 0.69. The firm’s fifty day moving average is $103.91 and its two-hundred day moving average is $101.03.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The business had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the company posted $1.14 earnings per share. Entergy’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts expect that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a $1.13 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.18%. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ETR. Barclays dropped their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. KeyCorp boosted their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada reissued an “outperform” rating and set a $117.00 price objective on shares of Entergy in a report on Monday, February 26th. BMO Capital Markets boosted their price objective on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Finally, Scotiabank dropped their price objective on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $109.45.

Entergy 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.