Texas Permanent School Fund Cuts Position in Entergy Corporation (ETR)
Texas Permanent School Fund cut its position in shares of Entergy Corporation (NYSE:ETR) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,122 shares of the company’s stock after selling 2,869 shares during the period. Texas Permanent School Fund’s holdings in Entergy Corporation were worth $4,230,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boston Advisors LLC bought a new position in shares of Entergy Corporation during the second quarter valued at about $14,328,000. Conning Inc. increased 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 last quarter. Green Square Capital LLC increased 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 last quarter. Strs Ohio increased 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 last quarter. Finally, NewSquare Capital LLC increased 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 last quarter. Institutional investors own 84.98% of the company’s stock.
Entergy Corporation (NYSE:ETR) traded down 0.50% during trading on Friday, hitting $71.47. 282,259 shares of the company’s stock traded hands. The company’s 50 day moving average is $71.69 and its 200-day moving average is $75.58. The stock has a market cap of $12.80 billion, a P/E ratio of 9.98 and a beta of 0.38. Entergy Corporation has a 12 month low of $65.38 and a 12 month high of $82.09.
Entergy Corporation (NYSE:ETR) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $1.96 by $0.35. Entergy Corporation had a net margin of 12.20% and a return on equity of 15.70%. During the same quarter in the prior year, the business earned $1.90 earnings per share. On average, analysts predict that Entergy Corporation will post $6.88 earnings per share for the current year.
ETR has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) set a $85.00 price target on Entergy Corporation and gave the stock a “buy” rating in a report on Sunday, October 16th. Zacks Investment Research upgraded Entergy Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Friday, October 14th. Jefferies Group set a $72.00 price target on Entergy Corporation and gave the stock a “hold” rating in a report on Sunday, January 8th. RBC Capital Markets reiterated a “hold” rating and set a $75.00 price target on shares of Entergy Corporation in a report on Wednesday, January 4th. Finally, Deutsche Bank AG decreased their price target on Entergy Corporation from $82.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, October 26th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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.
Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR).
Receive News & Ratings for Entergy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.