Asset Management One Co. Ltd. Raises Stock Holdings in Entergy Corporation $ETR

Key Points

• Asset Management One Co. Ltd. increased its position in Entergy Corporation by 9.2% during the 2nd quarter, now owning 195,406 shares valued at approximately $16.24 million.
• Insider Haley Fisackerly sold 4,463 shares of Entergy stock in July, resulting in a 57.36% decrease in their position.
• Analysts have set a consensus price target of $99.00 for Entergy, with ratings including one Strong Buy, thirteen Buy, and three Hold recommendations.

Asset Management One Co. Ltd. raised its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 9.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,406 shares of the utilities provider's stock after acquiring an additional 16,427 shares during the period. Asset Management One Co. Ltd.'s holdings in Entergy were worth $16,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Mattson Financial Services LLC raised its holdings in shares of Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy during the 1st quarter worth approximately $28,000. Atwood & Palmer Inc. raised its holdings in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider's stock worth $27,000 after acquiring an additional 190 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in Entergy during the 1st quarter valued at $32,000. Finally, Wellington Shields & Co. LLC purchased a new stake in Entergy during the 1st quarter valued at $34,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares of the company's stock, valued at approximately $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.39% of the company's stock.

Entergy Stock Performance

ETR stock opened at $96.62 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The business's fifty day simple moving average is $91.61 and its two-hundred day simple moving average is $86.65. Entergy Corporation has a twelve month low of $66.85 and a twelve month high of $98.58. The firm has a market cap of $43.13 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.43 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The business had revenue of $2.37 billion for the quarter. Analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ETR shares. Jefferies Financial Group started coverage on Entergy in a report on Thursday, September 4th. They set a "buy" rating and a $109.00 price target on the stock. Scotiabank set a $105.00 price target on Entergy and gave the company an "outperform" rating in a report on Friday, October 3rd. KeyCorp restated an "overweight" rating and set a $106.00 price target (up previously from $96.00) on shares of Entergy in a report on Wednesday, October 15th. Morgan Stanley set a $93.00 price target on Entergy and gave the company an "outperform" rating in a report on Wednesday. Finally, Barclays set a $100.00 price target on Entergy and gave the company an "overweight" rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Entergy has a consensus rating of "Moderate Buy" and a consensus price target of $99.00.

Entergy Company 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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