BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Entergy Co. (NYSE:ETR) by 14.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 45,552 shares of the utilities provider’s stock after purchasing an additional 5,783 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Entergy were worth $3,921,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in Entergy during the fourth quarter worth about $27,000. Investec Asset Management PTY Ltd purchased a new position in Entergy during the fourth quarter worth about $37,000. CWM LLC raised its stake in Entergy by 176.4% during the fourth quarter. CWM LLC now owns 445 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 284 shares during the period. First Interstate Bank raised its stake in Entergy by 37.8% during the fourth quarter. First Interstate Bank now owns 1,191 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 327 shares during the period. Finally, Doyle Wealth Management purchased a new position in Entergy during the fourth quarter worth about $118,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ETR opened at $94.94 on Friday. Entergy Co. has a 1-year low of $75.45 and a 1-year high of $95.63. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of 12.99 and a beta of 0.40. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 1.76.
Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.12. Entergy had a net margin of 7.83% and a return on equity of 16.22%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the business earned $0.76 earnings per share. As a group, equities research analysts predict that Entergy Co. will post 5.47 earnings per share for the current fiscal year.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Entergy from a “hold” rating to a “strong-buy” rating and set a $99.00 target price on the stock in a research note on Thursday, January 3rd. Morgan Stanley lifted their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. ValuEngine raised shares of Entergy from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Wells Fargo & Co lifted their target price on shares of Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, February 21st. Finally, Macquarie raised shares of Entergy from a “neutral” rating to an “outperform” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $90.79.
In other Entergy news, CFO Andrew S. Marsh sold 8,000 shares of Entergy stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $88.14, for a total transaction of $705,120.00. Following the completion of the sale, the chief financial officer now directly owns 76,343 shares in the company, valued at $6,728,872.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Donald W. Vinci sold 7,300 shares of Entergy stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $92.12, for a total transaction of $672,476.00. Following the completion of the transaction, the executive vice president now owns 12,530 shares of the company’s stock, valued at approximately $1,154,263.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,609 shares of company stock valued at $2,145,462. Company insiders own 0.25% of the company’s stock.
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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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