Calton & Associates Inc. Makes New Investment in Entergy Corporation (NYSE:ETR)

Calton & Associates Inc. bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,718 shares of the utilities provider's stock, valued at approximately $403,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Financial Advisors Inc. boosted its position in shares of Entergy by 60.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after purchasing an additional 6,028 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Entergy by 74.3% in the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after purchasing an additional 286,005 shares during the period. Horizon Investment Services LLC raised its stake in shares of Entergy by 95.3% in the 4th quarter. Horizon Investment Services LLC now owns 4,319 shares of the utilities provider's stock valued at $328,000 after purchasing an additional 2,108 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Entergy by 25.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider's stock valued at $6,708,000 after purchasing an additional 15,892 shares during the period. Finally, Summit Investment Advisors Inc. raised its stake in shares of Entergy by 85.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,178 shares of the utilities provider's stock valued at $317,000 after purchasing an additional 1,931 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on ETR. Morgan Stanley lowered their price target on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Barclays lowered their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. JPMorgan Chase & Co. increased their price objective on Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. BMO Capital Markets upped their price target on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Raymond James Financial began coverage on shares of Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.46.

Entergy Trading Up 2.1%

Shares of NYSE ETR traded up $1.79 during midday trading on Friday, hitting $86.33. 2,512,447 shares of the company traded hands, compared to its average volume of 3,571,958. Entergy Corporation has a 12-month low of $55.04 and a 12-month high of $88.38. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82. The stock has a 50-day moving average price of $82.29 and a 200 day moving average price of $82.39. The firm has a market cap of $37.19 billion, a P/E ratio of 28.03, a P/E/G ratio of 2.35 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.22. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.