Greenwood Gearhart Inc. Acquires 13,170 Shares of Entergy Corporation (NYSE:ETR)

Greenwood Gearhart Inc. boosted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 66.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,014 shares of the utilities provider's stock after buying an additional 13,170 shares during the quarter. Greenwood Gearhart Inc.'s holdings in Entergy were worth $2,822,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Entergy by 101.9% during the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after buying an additional 26,312,267 shares during the period. Bank of America Corp DE grew its position in shares of Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after buying an additional 10,347,926 shares during the period. FMR LLC grew its position in shares of Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after buying an additional 5,998,760 shares during the period. Ameriprise Financial Inc. grew its position in shares of Entergy by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock worth $976,895,000 after buying an additional 5,368,396 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Entergy by 106.2% during the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after buying an additional 5,271,559 shares during the period. Institutional investors own 88.07% of the company's stock.

Entergy Stock Up 0.1%

ETR traded up $0.12 during mid-day trading on Thursday, reaching $88.24. 1,778,043 shares of the stock were exchanged, compared to its average volume of 3,651,450. 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 stock has a market capitalization of $38.01 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The company has a 50 day moving average price of $82.71 and a two-hundred day moving average price of $82.59. Entergy Corporation has a 1 year low of $55.35 and a 1 year high of $89.35.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data 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 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 earned $0.54 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Analysts Set New Price Targets

ETR has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Morgan Stanley reduced their price target on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. KeyCorp lifted their price target on shares of Entergy from $85.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price target on shares of Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, BMO Capital Markets lifted their price target on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $86.46.

Entergy 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.