Entergy Corporation $ETR Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC trimmed its holdings in Entergy Corporation (NYSE:ETR) by 58.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,985 shares of the utilities provider’s stock after selling 9,798 shares during the quarter. VestGen Advisors LLC’s holdings in Entergy were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new stake in shares of Entergy during the 3rd quarter worth approximately $67,000. William Mack & Associates Inc. bought a new position in shares of Entergy in the 3rd quarter worth $40,000. Generali Asset Management SPA SGR lifted its stake in shares of Entergy by 40.4% in the third quarter. Generali Asset Management SPA SGR now owns 23,053 shares of the utilities provider’s stock valued at $2,288,000 after buying an additional 6,637 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Entergy by 2.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 201,426 shares of the utilities provider’s stock valued at $19,994,000 after purchasing an additional 5,461 shares during the last quarter. Finally, John Boyer Inc. purchased a new position in shares of Entergy during the third quarter valued at approximately $74,000. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

NYSE ETR opened at $109.93 on Friday. Entergy Corporation has a 52-week low of $90.87 and a 52-week high of $118.44. The company has a 50-day simple moving average of $104.36 and a 200 day simple moving average of $107.30. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The company has a market capitalization of $51.30 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 2.46 and a beta of 0.46.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the company earned $1.05 earnings per share. On average, research analysts predict that Entergy Corporation will post 4.40 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Entergy from $98.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st. LADENBURG THALM/SH SH decreased their price objective on shares of Entergy from $120.50 to $113.50 and set a “buy” rating for the company in a research note on Monday, October 12th. Mizuho decreased their price objective on shares of Entergy from $122.00 to $121.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Barclays reissued an “overweight” rating and set a $115.00 target price (down from $128.00) on shares of Entergy in a research report on Monday, October 19th. Finally, Jefferies Financial Group cut their target price on Entergy from $133.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Twenty investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.25.

Insider Buying and Selling

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

About Entergy

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.