Entergy Corporation (NYSE:ETR) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC lifted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,532,006 shares of the utilities provider's stock after buying an additional 108,450 shares during the period. Jennison Associates LLC owned approximately 0.59% of Entergy worth $216,461,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock valued at $696,000 after purchasing an additional 6,733 shares during the period. Commonwealth Equity Services LLC increased its holdings in Entergy by 103.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 97,960 shares of the utilities provider's stock valued at $7,427,000 after purchasing an additional 49,831 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Entergy by 60.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 47,325 shares of the utilities provider's stock valued at $3,588,000 after purchasing an additional 17,794 shares during the period. Corient Private Wealth LLC increased its holdings in Entergy by 111.2% during the 4th quarter. Corient Private Wealth LLC now owns 148,790 shares of the utilities provider's stock valued at $11,281,000 after purchasing an additional 78,348 shares during the period. Finally, Harbour Investments Inc. boosted its position in Entergy by 126.1% during the 4th quarter. Harbour Investments Inc. now owns 2,098 shares of the utilities provider's stock valued at $159,000 after acquiring an additional 1,170 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

Shares of NYSE ETR traded up $1.79 during midday trading on Friday, hitting $86.33. 2,512,447 shares of the stock traded hands, compared to its average volume of 3,565,767. The firm has a 50-day moving average of $82.29 and a two-hundred day moving average of $82.34. The firm has a market capitalization of $37.19 billion, a P/E ratio of 28.03, a PEG ratio of 2.30 and a beta of 0.59. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82. Entergy Corporation has a one year low of $55.01 and a one year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.60 by $0.22. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same period in the prior year, the business posted $0.54 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ETR shares. BMO Capital Markets lifted their price objective on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday. Barclays cut their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Raymond James Financial started coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating on the stock. Finally, UBS Group boosted their price target on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $86.46.

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.