Bryn Mawr Capital Management LLC Makes New Investment in Entergy Corporation (NYSE:ETR)

Bryn Mawr Capital Management LLC acquired a new position in Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,712 shares of the utilities provider's stock, valued at approximately $317,000.

Other institutional investors have also recently modified their holdings of the company. Sandy Spring Bank raised its stake in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Glen Eagle Advisors LLC grew its holdings in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares during the period. Glass Jacobson Investment Advisors llc acquired a new stake in Entergy during the fourth quarter worth about $29,000. VSM Wealth Advisory LLC acquired a new stake in Entergy during the fourth quarter worth about $30,000. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in Entergy by 100.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 400 shares of the utilities provider's stock worth $30,000 after acquiring an additional 200 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of NYSE:ETR traded up $1.79 during trading on Friday, reaching $86.33. The stock had a trading volume of 2,505,875 shares, compared to its average volume of 3,690,695. 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 business has a fifty day moving average price of $82.22 and a 200-day moving average price of $82.27. The stock has a market cap of $37.19 billion, a PE ratio of 28.03, a PEG ratio of 2.28 and a beta of 0.59. Entergy Corporation has a 1-year low of $55.01 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same period in the previous year, the company posted $0.54 earnings per share. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ETR has been the topic of several analyst reports. Barclays dropped their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. KeyCorp raised their target price on Entergy from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday. Morgan Stanley dropped their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. UBS Group raised their target price on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets raised their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Six 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.46.

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.