Entergy Corporation (NYSE:ETR) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 39.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 66,438 shares of the utilities provider's stock after selling 44,065 shares during the period. Cerity Partners LLC's holdings in Entergy were worth $5,680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC raised its holdings in shares of Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock valued at $696,000 after buying an additional 6,733 shares during the period. HighTower Advisors LLC raised its holdings in Entergy by 100.8% during the fourth quarter. HighTower Advisors LLC now owns 87,795 shares of the utilities provider's stock worth $6,657,000 after purchasing an additional 44,083 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Entergy by 129.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,268 shares of the utilities provider's stock valued at $399,000 after buying an additional 2,968 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Entergy by 103.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 97,960 shares of the utilities provider's stock worth $7,427,000 after purchasing an additional 49,831 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Entergy by 60.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 47,325 shares of the utilities provider's stock worth $3,588,000 after buying an additional 17,794 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 2.1%

Shares of NYSE:ETR traded up $1.79 during trading on Friday, hitting $86.33. The company's stock had a trading volume of 2,505,836 shares, compared to its average volume of 3,559,287. Entergy Corporation has a fifty-two week low of $55.01 and a fifty-two week high of $88.38. The stock's 50-day moving average price is $82.22 and its two-hundred day moving average price is $82.27. 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 company has a market capitalization of $37.19 billion, a PE ratio of 28.03, a PEG ratio of 2.28 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period last year, the business earned $0.54 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays dropped their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Morgan Stanley dropped their target price on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. UBS Group upped their price objective on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. 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. Finally, BMO Capital Markets lifted their price target on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $86.46.

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.