Asahi Life Asset Management CO. LTD. Makes New Investment in Entergy Corporation (NYSE:ETR)

Asahi Life Asset Management CO. LTD. purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,420 shares of the utilities provider's stock, valued at approximately $378,000.

Several other institutional investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its position in shares of Entergy by 250.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,020 shares of the utilities provider's stock worth $87,000 after purchasing an additional 729 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Entergy by 16.0% during the 1st quarter. Apollon Wealth Management LLC now owns 7,150 shares of the utilities provider's stock worth $611,000 after acquiring an additional 988 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Entergy by 8.6% during the 1st quarter. Signaturefd LLC now owns 7,168 shares of the utilities provider's stock worth $613,000 after acquiring an additional 567 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Entergy during the 1st quarter worth approximately $5,460,000. Finally, Mitchell Mcleod Pugh & Williams Inc. acquired a new position in shares of Entergy during the 1st quarter worth approximately $219,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Trading Down 0.5%

Shares of ETR stock opened at $81.72 on Monday. The stock has a market cap of $35.20 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 2.23 and a beta of 0.59. The stock has a 50-day moving average of $82.26 and a 200-day moving average of $82.14. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. Entergy Corporation has a 1-year low of $53.39 and a 1-year high of $88.38.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on ETR shares. Barclays decreased their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday. Raymond James Financial initiated coverage on Entergy in a report on Friday, June 13th. They set a "market perform" rating on the stock. UBS Group boosted their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research note on Wednesday, May 14th. Finally, BMO Capital Markets boosted their price target on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $85.96.

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.

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