Johnson Financial Group Inc. Invests $367,000 in Entergy Corporation (NYSE:ETR)

Johnson Financial Group Inc. purchased a new position in Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,531 shares of the utilities provider's stock, valued at approximately $367,000.

A number of other institutional investors have also added to or reduced their stakes in ETR. Boothbay Fund Management LLC boosted its position in shares of Entergy by 92.4% during the 4th quarter. Boothbay Fund Management LLC now owns 25,240 shares of the utilities provider's stock valued at $1,914,000 after acquiring an additional 12,123 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Entergy during the 4th quarter worth approximately $30,132,000. Coldstream Capital Management Inc. increased its stake in Entergy by 119.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 12,596 shares of the utilities provider's stock worth $955,000 after buying an additional 6,869 shares during the period. Voya Financial Advisors Inc. lifted its holdings in Entergy by 73.8% during the 4th quarter. Voya Financial Advisors Inc. now owns 16,105 shares of the utilities provider's stock valued at $1,220,000 after buying an additional 6,837 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. bought a new position in Entergy in the fourth quarter worth approximately $201,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of ETR stock traded up $1.10 during mid-day trading on Friday, hitting $84.47. 2,919,783 shares of the stock traded hands, compared to its average volume of 3,679,045. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company's 50-day simple moving average is $83.35 and its 200-day simple moving average is $78.90. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38. The firm has a market cap of $36.39 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56.

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, beating analysts' consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, May 2nd. Entergy's payout ratio is currently 98.77%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Evercore ISI lifted their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, UBS Group boosted their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.75.

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.