Cibc World Markets Corp Has $5.13 Million Stock Position in Entergy Corporation (NYSE:ETR)

Cibc World Markets Corp raised its holdings in Entergy Corporation (NYSE:ETR) by 133.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 67,599 shares of the utilities provider’s stock after acquiring an additional 38,596 shares during the quarter. Cibc World Markets Corp’s holdings in Entergy were worth $5,125,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. Franklin Resources Inc. increased its position in Entergy by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after acquiring an additional 1,981,611 shares during the period. Jennison Associates LLC increased its position in Entergy by 139.5% in the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock valued at $183,754,000 after acquiring an additional 1,411,473 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Entergy by 105.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,748,828 shares of the utilities provider’s stock valued at $208,416,000 after purchasing an additional 1,408,476 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after purchasing an additional 1,354,355 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Entergy in the 4th quarter valued at $101,133,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ETR. Evercore ISI upped their price objective 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. Wells Fargo & Company upped their price objective 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. UBS Group upped their price objective on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. BMO Capital Markets upped their price objective on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.11.

Entergy Stock Up 1.5 %

Entergy stock opened at $84.75 on Thursday. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The firm has a market capitalization of $36.48 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The firm’s fifty day moving average price is $82.59 and its two-hundred day moving average price is $74.73. 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 (NYSE:ETR) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period last year, the firm earned $0.26 earnings per share. On average, equities research analysts predict 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 was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.83%. Entergy’s dividend payout ratio is currently 98.77%.

About Entergy

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.