Resolution Capital Ltd Boosts Holdings in Entergy Corporation $ETR

Resolution Capital Ltd raised its position in Entergy Corporation (NYSE:ETR) by 2.8% in the 1st quarter, Holdings Channel reports. The firm owned 174,081 shares of the utilities provider’s stock after buying an additional 4,761 shares during the quarter. Entergy accounts for 0.4% of Resolution Capital Ltd’s holdings, making the stock its 21st largest position. Resolution Capital Ltd’s holdings in Entergy were worth $19,560,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ETR. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Entergy by 3.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock worth $295,000 after buying an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Entergy by 9.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after buying an additional 92 shares during the period. Aristotle Capital Management LLC grew its position in Entergy by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after buying an additional 96 shares in the last quarter. Founders Financial Securities LLC grew its position in Entergy by 2.5% during the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after buying an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Entergy by 2.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 102 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Entergy Stock Down 1.0%

ETR opened at $112.60 on Wednesday. The business’s fifty day simple moving average is $112.54 and its 200 day simple moving average is $108.09. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The stock has a market cap of $51.56 billion, a PE ratio of 28.73, a P/E/G ratio of 1.94 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. As a group, research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ETR has been the topic of several recent analyst reports. UBS Group reaffirmed a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Wells Fargo & Company boosted their price objective on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Argus upped their price objective on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Weiss Ratings downgraded shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, July 20th. Finally, Mizuho set a $122.00 target price on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.05.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.