IFM Investors Pty Ltd lessened its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 46.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,844 shares of the utilities provider's stock after selling 57,770 shares during the quarter. IFM Investors Pty Ltd's holdings in Entergy were worth $5,800,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in ETR. NBT Bank N A NY raised its position in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after buying an additional 170 shares during the last quarter. Sandy Spring Bank grew its holdings in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Glen Eagle Advisors LLC grew its holdings in shares of Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares in the last quarter. Glass Jacobson Investment Advisors llc purchased a new position in shares of Entergy in the fourth quarter valued at $29,000. Finally, BOK Financial Private Wealth Inc. grew its holdings in shares of Entergy by 100.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 400 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.
Entergy Stock Performance
Shares of Entergy stock traded up $0.70 during mid-day trading on Wednesday, hitting $81.63. 1,523,362 shares of the stock were exchanged, compared to its average volume of 3,555,892. The company has a 50-day simple moving average of $82.37 and a 200 day simple moving average of $81.98. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The company has a market capitalization of $35.16 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.23 and a beta of 0.59.
Entergy (NYSE:ETR - Get Free Report) last released 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. Entergy had a net margin of 11.26% and a return on equity of 11.43%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. Sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ETR. Barclays boosted their target price on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Wednesday, May 14th. Raymond James Financial assumed coverage on shares of Entergy in a research note on Friday, June 13th. They set a "market perform" rating for the company. Morgan Stanley reduced 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. Finally, BMO Capital Markets upped their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Six investment 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. Based on data from MarketBeat.com, Entergy currently has an average rating of "Moderate Buy" and an average price target of $86.25.
Check Out Our Latest Stock Analysis on ETR
About Entergy
(
Free Report)
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.
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