Livforsakringsbolaget Skandia Omsesidigt Has $1,467,000 Position in Entergy Corporation (ETR)
Livforsakringsbolaget Skandia Omsesidigt held its stake in shares of Entergy Corporation (NYSE:ETR) during the third quarter, Holdings Channel reports. The fund owned 19,129 shares of the company’s stock at the end of the third quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Entergy Corporation were worth $1,467,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Boston Advisors LLC bought a new stake in shares of Entergy Corporation during the second quarter worth $14,328,000. Conning Inc. boosted its stake in shares of Entergy Corporation by 3.4% in the second quarter. Conning Inc. now owns 6,313 shares of the company’s stock worth $514,000 after buying an additional 210 shares during the period. Green Square Capital LLC boosted its stake in shares of Entergy Corporation by 1.8% in the second quarter. Green Square Capital LLC now owns 51,893 shares of the company’s stock worth $4,222,000 after buying an additional 901 shares during the period. Strs Ohio boosted its stake in shares of Entergy Corporation by 49.8% in the second quarter. Strs Ohio now owns 26,423 shares of the company’s stock worth $2,149,000 after buying an additional 8,781 shares during the period. Finally, NewSquare Capital LLC boosted its stake in shares of Entergy Corporation by 16.2% in the second quarter. NewSquare Capital LLC now owns 7,960 shares of the company’s stock worth $648,000 after buying an additional 1,112 shares during the period. Hedge funds and other institutional investors own 84.98% of the company’s stock.
Entergy Corporation (NYSE:ETR) traded down 0.35% during midday trading on Friday, reaching $71.58. The company had a trading volume of 726,642 shares. Entergy Corporation has a 12-month low of $65.38 and a 12-month high of $82.09. The company has a market capitalization of $12.82 billion, a PE ratio of 9.99 and a beta of 0.38. The stock has a 50-day moving average price of $71.69 and a 200 day moving average price of $75.58.
Entergy Corporation (NYSE:ETR) last released its quarterly earnings data on Tuesday, October 25th. The company reported $2.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.35. Entergy Corporation had a return on equity of 15.70% and a net margin of 12.20%. During the same quarter in the prior year, the business posted $1.90 EPS. Equities analysts forecast that Entergy Corporation will post $6.88 EPS for the current year.
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A number of equities analysts have commented on ETR shares. Wolfe Research lowered Entergy Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, October 24th. Deutsche Bank AG reduced their price objective on Entergy Corporation from $82.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, October 26th. Goldman Sachs Group, Inc. (The) set a $85.00 price objective on Entergy Corporation and gave the stock a “buy” rating in a research note on Sunday, October 16th. Citigroup Inc. reduced their price objective on Entergy Corporation from $83.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. Finally, Bank of America lowered Entergy Corporation from a “neutral” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research note on Tuesday, November 22nd. Four analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $77.36.
Entergy Corporation 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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