Entergy Corp. (ETR) Shares Bought by LS Investment Advisors LLC
LS Investment Advisors LLC increased its position in shares of Entergy Corp. (NYSE:ETR) by 137.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,594 shares of the company’s stock after buying an additional 13,062 shares during the period. LS Investment Advisors LLC’s holdings in Entergy Corp. were worth $1,838,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Iowa State Bank bought a new position in Entergy Corp. during the second quarter worth approximately $103,000. Nikko Asset Management Americas Inc. bought a new position in Entergy Corp. during the first quarter worth approximately $111,000. Washington Trust Bank increased its position in Entergy Corp. by 11.5% in the second quarter. Washington Trust Bank now owns 1,936 shares of the company’s stock worth $157,000 after buying an additional 199 shares in the last quarter. Juncture Wealth Strategies LLC increased its position in Entergy Corp. by 26.9% in the second quarter. Juncture Wealth Strategies LLC now owns 3,300 shares of the company’s stock worth $268,000 after buying an additional 700 shares in the last quarter. Finally, MIG Capital LLC increased its position in Entergy Corp. by 4.1% in the first quarter. MIG Capital LLC now owns 3,434 shares of the company’s stock worth $272,000 after buying an additional 136 shares in the last quarter. 85.22% of the stock is owned by institutional investors.
Entergy Corp. (NYSE:ETR) traded down 0.92% during trading on Friday, reaching $73.13. The company’s stock had a trading volume of 1,952,013 shares. Entergy Corp. has a 52-week low of $64.11 and a 52-week high of $82.09. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 75.55 and a beta of 0.38. The stock’s 50-day moving average is $78.14 and its 200 day moving average is $78.03.
Entergy Corp. (NYSE:ETR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $2.06. Entergy Corp. had a return on equity of 15.34% and a net margin of 1.78%. During the same quarter last year, the firm posted $0.83 earnings per share. On average, analysts predict that Entergy Corp. will post $6.72 EPS for the current fiscal year.
A number of analysts recently issued reports on ETR shares. Morgan Stanley reissued a “hold” rating on shares of Entergy Corp. in a research report on Friday, June 10th. Guggenheim raised shares of Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Monday, August 22nd. Deutsche Bank AG dropped their target price on shares of Entergy Corp. from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, August 3rd. Jefferies Group increased their target price on shares of Entergy Corp. from $79.00 to $84.00 and gave the stock a “hold” rating in a research report on Friday, June 10th. Finally, Bank of America Corp. reissued a “hold” rating on shares of Entergy Corp. in a research report on Friday, June 10th. Ten equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Entergy Corp. currently has an average rating of “Hold” and a consensus target price of $80.85.
In other Entergy Corp. news, insider Haley Fisackerly sold 1,250 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $77.60, for a total transaction of $97,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles L. Rice, Jr. sold 760 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $79.36, for a total value of $60,313.60. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
Entergy Corp. Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It 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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