Cwm LLC Cuts Position in Entergy Corporation (NYSE:ETR)

CWM LLC lowered its position in Entergy Corporation (NYSE:ETR - Free Report) by 32.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,019 shares of the utilities provider's stock after selling 11,368 shares during the period. CWM LLC's holdings in Entergy were worth $2,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ETR. Brighton Jones LLC boosted its position in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Entergy by 103.5% in the 4th 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 in the last quarter. Harbour Investments Inc. boosted its position in Entergy by 126.1% in the 4th quarter. Harbour Investments Inc. now owns 2,098 shares of the utilities provider's stock worth $159,000 after purchasing an additional 1,170 shares in the last quarter. Parallel Advisors LLC boosted its position in Entergy by 199.5% in the 4th quarter. Parallel Advisors LLC now owns 6,629 shares of the utilities provider's stock worth $503,000 after purchasing an additional 4,416 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Entergy by 152.9% in the 4th quarter. Signaturefd LLC now owns 6,601 shares of the utilities provider's stock worth $500,000 after purchasing an additional 3,991 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of recent analyst reports. Raymond James Financial initiated coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. JPMorgan Chase & Co. raised their target price on Entergy from $100.00 to $102.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Barclays cut their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Morgan Stanley cut their price objective on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Finally, KeyCorp raised their target price on Entergy from $85.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.46.

Entergy Stock Performance

Shares of NYSE:ETR traded up $1.79 during trading on Friday, reaching $86.33. The company had a trading volume of 2,512,447 shares, compared to its average volume of 3,571,958. 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 fifty-two week low of $55.04 and a fifty-two week high of $88.38. The firm has a market capitalization of $37.19 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 2.35 and a beta of 0.59. The stock's fifty day moving average price is $82.29 and its 200 day moving average price is $82.39.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate 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 business earned $0.54 earnings per share. As a group, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

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.