Regentatlantic Capital LLC Has $5 Million Position in Entergy Co. (ETR)
Regentatlantic Capital LLC cut its stake in shares of Entergy Co. (NYSE:ETR) by 9.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,468 shares of the utilities provider’s stock after selling 6,119 shares during the quarter. Regentatlantic Capital LLC’s holdings in Entergy were worth $5,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of ETR. Advisory Services Network LLC boosted its holdings in Entergy by 2.1% during the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after acquiring an additional 49 shares during the period. Krilogy Financial LLC boosted its holdings in Entergy by 1,116.0% during the 3rd quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock valued at $186,000 after acquiring an additional 2,232 shares during the period. Segment Wealth Management LLC purchased a new stake in Entergy in the 4th quarter worth approximately $201,000. UMB Bank N A MO purchased a new stake in Entergy in the 4th quarter worth approximately $207,000. Finally, Buckingham Asset Management LLC purchased a new stake in Entergy in the 3rd quarter worth approximately $212,000. Institutional investors own 83.14% of the company’s stock.
In related news, EVP Donald W. Vinci sold 3,234 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $87.00, for a total transaction of $281,358.00. Following the completion of the transaction, the executive vice president now owns 15,273 shares of the company’s stock, valued at approximately $1,328,751. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,268 shares of company stock valued at $2,355,188. 0.24% of the stock is currently owned by company insiders.
Entergy (NYSE:ETR) last released its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.11. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same quarter last year, the business posted $2.31 EPS. sell-side analysts predict that Entergy Co. will post 6.89 EPS for the current fiscal year.
Several equities research analysts have weighed in on the company. TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a report on Friday, October 27th. Mizuho reiterated a “hold” rating and issued a $83.00 price objective on shares of Entergy in a report on Friday, October 27th. Wells Fargo & Co reiterated an “outperform” rating and issued a $96.00 price objective (up previously from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Bank of America assumed coverage on Entergy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 price objective for the company. Finally, Morgan Stanley increased their price objective on Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Entergy presently has an average rating of “Buy” and a consensus price target of $84.54.
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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