DNB Asset Management AS grew its holdings in shares of Entergy Co. (NYSE:ETR) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,093 shares of the utilities provider’s stock after buying an additional 1,090 shares during the quarter. DNB Asset Management AS’s holdings in Entergy were worth $2,418,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of ETR. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Entergy in the 3rd quarter valued at $430,000. Schroder Investment Management Group boosted its position in shares of Entergy by 68.0% in the 2nd quarter. Schroder Investment Management Group now owns 96,620 shares of the utilities provider’s stock valued at $7,851,000 after purchasing an additional 39,125 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Entergy by 2.9% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 556,292 shares of the utilities provider’s stock valued at $45,132,000 after purchasing an additional 15,432 shares during the period. First Mercantile Trust Co. boosted its position in shares of Entergy by 19.7% in the 3rd quarter. First Mercantile Trust Co. now owns 15,002 shares of the utilities provider’s stock valued at $1,217,000 after purchasing an additional 2,470 shares during the period. Finally, Pensionfund DSM Netherlands acquired a new position in shares of Entergy in the 3rd quarter valued at $2,434,000. 90.83% of the stock is currently owned by institutional investors.
In other news, COO Paul D. Hinnenkamp sold 5,000 shares of Entergy stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $90.00, for a total transaction of $450,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marcus V. Brown sold 28,200 shares of Entergy stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $90.00, for a total value of $2,538,000.00. The disclosure for this sale can be found here. Insiders sold a total of 114,460 shares of company stock worth $10,038,252 in the last ninety days. Insiders own 0.25% of the company’s stock.
Several equities research analysts recently issued reports on the company. ValuEngine raised Entergy from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Bank of America increased their price objective on Entergy from $91.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, November 1st. Citigroup increased their price objective on Entergy from $88.00 to $89.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Morgan Stanley set a $86.00 price objective on Entergy and gave the stock a “hold” rating in a research note on Thursday, October 11th. Finally, Zacks Investment Research downgraded Entergy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $89.79.
Shares of ETR stock opened at $86.29 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 1.88. Entergy Co. has a twelve month low of $71.95 and a twelve month high of $90.79. The company has a market capitalization of $15.63 billion, a P/E ratio of 11.54, a P/E/G ratio of 2.19 and a beta of 0.39.
Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $3.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.83 by $0.94. Entergy had a return on equity of 16.94% and a net margin of 4.01%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the business earned $2.35 EPS. On average, research analysts forecast that Entergy Co. will post 7.12 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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