Entergy Corporation (NYSE:ETR) Shares Acquired by Banque Pictet & Cie SA

Banque Pictet & Cie SA boosted its position in Entergy Corporation (NYSE:ETR - Free Report) by 63.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,754 shares of the utilities provider's stock after purchasing an additional 8,450 shares during the period. Banque Pictet & Cie SA's holdings in Entergy were worth $1,860,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ETR. Vanguard Group Inc. increased its stake in Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after acquiring an additional 26,312,267 shares during the last quarter. Bank of America Corp DE increased its stake in Entergy by 142.8% in the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after acquiring an additional 10,347,926 shares during the last quarter. FMR LLC grew its stake in shares of Entergy by 90.7% during the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after buying an additional 5,998,760 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Entergy by 71.4% during the fourth quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock valued at $976,895,000 after buying an additional 5,368,396 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Entergy by 106.2% during the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock valued at $774,103,000 after acquiring an additional 5,271,559 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on ETR shares. Morgan Stanley dropped 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. Raymond James Financial initiated coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating on the stock. Barclays decreased their target price on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group upped their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Finally, BMO Capital Markets upped their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $85.96.

Entergy Stock Down 0.5%

NYSE ETR traded down $0.40 on Friday, hitting $81.72. The stock had a trading volume of 1,892,726 shares, compared to its average volume of 3,554,336. The business's fifty day moving average price is $82.26 and its 200 day moving average price is $82.06. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.82 and a quick ratio of 0.55. Entergy Corporation has a 52-week low of $53.39 and a 52-week high of $88.38. The stock has a market cap of $35.20 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion during 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 period in the previous year, the firm posted $0.54 earnings per share. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

About Entergy

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.