Employees Retirement System of Texas decreased its holdings in Entergy Co. (NYSE:ETR) by 23.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the utilities provider’s stock after selling 3,000 shares during the period. Employees Retirement System of Texas’ holdings in Entergy were worth $768,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its holdings in Entergy by 46.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 410 shares during the last quarter. V Wealth Management LLC acquired a new stake in shares of Entergy during the 2nd quarter worth approximately $106,000. Parallel Advisors LLC increased its holdings in shares of Entergy by 291.6% during the 1st quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock worth $182,000 after buying an additional 1,770 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of Entergy during the 2nd quarter worth approximately $204,000. Finally, IBM Retirement Fund increased its holdings in shares of Entergy by 34.1% during the 2nd quarter. IBM Retirement Fund now owns 2,669 shares of the utilities provider’s stock worth $205,000 after buying an additional 678 shares during the last quarter. Institutional investors own 84.73% of the company’s stock.
A number of equities analysts recently weighed in on ETR shares. Jefferies Group LLC raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. BidaskClub cut shares of Entergy from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Wells Fargo & Company reissued an “outperform” rating and issued a $96.00 price target (up previously from $90.00) on shares of Entergy in a research report on Wednesday. Morgan Stanley raised their price target on shares of Entergy from $82.00 to $84.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Finally, Bank of America Corporation began coverage on shares of Entergy in a research report on Tuesday. They issued a “neutral” rating and a $86.00 price target for the company. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $81.83.
In other Entergy news, Director Alexis M. Herman sold 995 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $76.38, for a total transaction of $75,998.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 500 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $77.17, for a total transaction of $38,585.00. The disclosure for this sale can be found here. Insiders sold 34,039 shares of company stock valued at $2,823,647 over the last 90 days. Insiders own 0.24% of the company’s stock.
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Shares of Entergy Co. (NYSE ETR) opened at 86.14 on Friday. Entergy Co. has a one year low of $66.71 and a one year high of $86.49. The firm’s market capitalization is $15.46 billion. The stock has a 50 day moving average of $79.98 and a 200-day moving average of $78.02.
Entergy (NYSE:ETR) last announced its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.11. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a net margin of 12.38% and a return on equity of 18.72%. During the same period in the prior year, the firm earned $2.31 earnings per share. On average, equities analysts anticipate that Entergy Co. will post $6.88 earnings per share for the current fiscal year.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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