Oakbrook Investments LLC cut its stake in shares of Entergy Co. (NYSE:ETR) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,961 shares of the utilities provider’s stock after selling 700 shares during the period. Oakbrook Investments LLC’s holdings in Entergy were worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Advisory Services Network LLC raised its position in Entergy by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 49 shares during the period. Krilogy Financial LLC raised its position in Entergy by 1,116.0% during the third quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock valued at $186,000 after purchasing an additional 2,232 shares during the period. Buckingham Asset Management LLC purchased a new stake in Entergy during the third quarter valued at approximately $212,000. Caxton Associates LP purchased a new stake in Entergy during the third quarter valued at approximately $252,000. Finally, Trexquant Investment LP purchased a new stake in Entergy during the third quarter valued at approximately $261,000. Institutional investors and hedge funds own 83.14% of the company’s stock.

In related news, EVP Donald W. Vinci sold 3,234 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $87.00, for a total value of $281,358.00. Following the transaction, the executive vice president now owns 15,273 shares of the company’s stock, valued at $1,328,751. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Paul D. Hinnenkamp sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $86.22, for a total value of $344,880.00. Following the completion of the transaction, the chief operating officer now directly owns 16,925 shares in the company, valued at approximately $1,459,273.50. The disclosure for this sale can be found here. In the last three months, insiders sold 27,268 shares of company stock worth $2,355,188. 0.24% of the stock is owned by insiders.

A number of brokerages have issued reports on ETR. Bank of America upgraded Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Tuesday, December 12th. TheStreet cut Entergy from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th. Morgan Stanley upped their target price on Entergy from $86.00 to $88.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $96.00 target price (up previously from $90.00) on shares of Entergy in a research note on Wednesday, October 25th. Finally, Jefferies Group raised Entergy from a “hold” rating to a “buy” rating in a research note on Monday, October 16th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $84.54.

Entergy Co. (ETR) opened at $76.83 on Tuesday. The company has a market capitalization of $13,877.55, a P/E ratio of -15.55, a PEG ratio of 2.16 and a beta of 0.55. Entergy Co. has a 52 week low of $69.63 and a 52 week high of $87.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.11. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the firm earned $2.31 earnings per share. sell-side analysts forecast that Entergy Co. will post 6.89 EPS for the current year.

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Entergy Profile

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.

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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