Entergy Corporation $ETR Shares Acquired by Sigma Planning Corp

Sigma Planning Corp lifted its holdings in Entergy Corporation (NYSE:ETR) by 107.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,702 shares of the utilities provider’s stock after purchasing an additional 5,552 shares during the quarter. Sigma Planning Corp’s holdings in Entergy were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Bell Investment Advisors Inc purchased a new stake in shares of Entergy during the second quarter valued at $28,000. City State Bank raised its position in Entergy by 439.6% in the 3rd quarter. City State Bank now owns 259 shares of the utilities provider’s stock worth $26,000 after buying an additional 211 shares during the last quarter. Pingora Partners LLC bought a new position in Entergy during the 2nd quarter valued at about $30,000. Bank of New Hampshire lifted its stake in Entergy by 303.0% during the 3rd quarter. Bank of New Hampshire now owns 266 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Entergy during the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. The trade was a 41.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura R. Landreaux sold 5,600 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the sale, the insider directly owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

Entergy Trading Up 2.0%

Entergy stock opened at $109.99 on Friday. Entergy Corporation has a 52-week low of $90.87 and a 52-week high of $118.44. The company has a market cap of $51.33 billion, a P/E ratio of 28.20, a P/E/G ratio of 2.41 and a beta of 0.46. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The business has a 50-day simple moving average of $104.31 and a two-hundred day simple moving average of $107.22.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the prior year, the business earned $1.05 EPS. Analysts predict that Entergy Corporation will post 4.40 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Entergy from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. LADENBURG THALM/SH SH dropped their target price on shares of Entergy from $120.50 to $113.50 and set a “buy” rating on the stock in a report on Monday, October 12th. BMO Capital Markets cut their target price on shares of Entergy from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. UBS Group lifted their target price on shares of Entergy from $129.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Finally, Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Twenty equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.25.

Entergy Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.