Entergy Co. (ETR) Stake Decreased by Capital Investment Advisors LLC
Capital Investment Advisors LLC cut its stake in shares of Entergy Co. (NYSE:ETR) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,049 shares of the utilities provider’s stock after selling 1,045 shares during the quarter. Capital Investment Advisors LLC’s holdings in Entergy were worth $818,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Epoch Investment Partners Inc. boosted its position in shares of Entergy by 1.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 3,273,973 shares of the utilities provider’s stock worth $251,343,000 after buying an additional 35,312 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Entergy by 39.5% in the 4th quarter. Bank of Montreal Can now owns 2,001,135 shares of the utilities provider’s stock worth $162,873,000 after buying an additional 567,130 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Entergy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 1,165,237 shares of the utilities provider’s stock worth $88,976,000 after buying an additional 31,458 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Entergy by 27.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,152,906 shares of the utilities provider’s stock worth $88,036,000 after buying an additional 250,267 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Entergy by 2.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 979,177 shares of the utilities provider’s stock worth $74,770,000 after buying an additional 21,174 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.
Several equities research analysts recently commented on ETR shares. Mizuho reiterated a “hold” rating and issued a $83.00 price objective on shares of Entergy in a research report on Friday, October 27th. Citigroup upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Friday, October 13th. JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $83.00 to $84.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Guggenheim reiterated a “buy” rating and issued a $101.00 price objective on shares of Entergy in a research report on Wednesday, January 3rd. Finally, TheStreet upgraded shares of Entergy from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $84.54.
In other Entergy news, insider Haley Fisackerly sold 4,800 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $87.00, for a total value of $417,600.00. Following the transaction, the insider now directly owns 5,276 shares in the company, valued at approximately $459,012. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Marcus V. Brown sold 3,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $86.42, for a total transaction of $259,260.00. Following the completion of the transaction, the executive vice president now owns 22,264 shares in the company, valued at $1,924,054.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,768 shares of company stock worth $2,570,188. 0.24% of the stock is owned by insiders.
Entergy Co. (NYSE:ETR) opened at $77.79 on Friday. The stock has a market cap of $13,970.00, a PE ratio of -15.75, a price-to-earnings-growth ratio of 2.23 and a beta of 0.55. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. Entergy Co. has a 1-year low of $69.63 and a 1-year high of $87.95.
Entergy (NYSE:ETR) last released its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.11. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. During the same period in the prior year, the firm earned $2.31 EPS. equities research analysts predict that Entergy Co. will post 6.88 earnings per share for the current year.
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Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company 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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