Vident Investment Advisory LLC raised its holdings in Entergy (NYSE:ETR) by 9.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 44,118 shares of the utilities provider’s stock after acquiring an additional 3,729 shares during the quarter. Vident Investment Advisory LLC’s holdings in Entergy were worth $3,591,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in ETR. Advisors Preferred LLC grew its holdings in Entergy by 1,174.7% in the fourth quarter. Advisors Preferred LLC now owns 1,262 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 1,163 shares during the period. Cerebellum GP LLC bought a new position in shares of Entergy in the fourth quarter valued at $123,000. Calton & Associates Inc. bought a new position in shares of Entergy in the fourth quarter valued at $130,000. Krilogy Financial LLC lifted its stake in shares of Entergy by 1,116.0% in the third quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock valued at $186,000 after buying an additional 2,232 shares in the last quarter. Finally, NuWave Investment Management LLC bought a new position in shares of Entergy in the fourth quarter valued at $193,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.
A number of research analysts recently weighed in on ETR shares. Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Tuesday, December 12th. Guggenheim restated a “buy” rating and set a $94.00 price objective (up previously from $88.00) on shares of Entergy in a report on Friday, February 23rd. Morgan Stanley raised their price objective on shares of Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. UBS assumed coverage on shares of Entergy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $82.00 target price for the company. Finally, Wells Fargo reiterated an “outperform” rating and issued a $90.00 target price (down previously from $96.00) on shares of Entergy in a research note on Monday, February 26th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $83.08.
In other news, insider Haley Fisackerly sold 500 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $78.02, for a total value of $39,010.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Alyson M. Mount sold 10,396 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $78.50, for a total transaction of $816,086.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.
NYSE:ETR traded down $0.78 during midday trading on Friday, reaching $78.98. 1,041,057 shares of the stock traded hands, compared to its average volume of 1,217,017. Entergy has a 12 month low of $71.95 and a 12 month high of $87.95. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $14,277.22, a P/E ratio of 10.97, a P/E/G ratio of 2.02 and a beta of 0.47.
Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, February 23rd. The utilities provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.34. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.33 billion. Entergy had a net margin of 3.81% and a return on equity of 15.79%. During the same period in the prior year, the business posted $0.31 EPS. analysts anticipate that Entergy will post 5.58 EPS for the current year.
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Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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