IFP Advisors Inc boosted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 501.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,759 shares of the utilities provider's stock after acquiring an additional 23,975 shares during the quarter. IFP Advisors Inc's holdings in Entergy were worth $2,462,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Glen Eagle Advisors LLC grew its position in Entergy by 100.0% in 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Entergy during the first quarter valued at approximately $28,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of Entergy during the fourth quarter valued at approximately $29,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Entergy by 100.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 400 shares of the utilities provider's stock valued at $30,000 after buying an additional 200 shares during the period. Finally, MV Capital Management Inc. boosted its position in shares of Entergy by 103.6% during the fourth quarter. MV Capital Management Inc. now owns 399 shares of the utilities provider's stock valued at $30,000 after buying an additional 203 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on ETR. Morgan Stanley dropped their target price 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. Raymond James Financial started coverage on Entergy in a report on Friday, June 13th. They issued a "market perform" rating for the company. Barclays lowered their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. BMO Capital Markets upped 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. Finally, KeyCorp upped their target price on Entergy from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.46.
View Our Latest Stock Analysis on ETR
Entergy Stock Down 0.0%
Shares of NYSE ETR traded down $0.04 during mid-day trading on Friday, reaching $88.11. 286,150 shares of the company's stock were exchanged, compared to its average volume of 3,634,433. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $37.96 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.40 and a beta of 0.59. Entergy Corporation has a twelve month low of $56.00 and a twelve month high of $89.35. The business has a fifty day simple moving average of $82.83 and a 200 day simple moving average of $82.68.
Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22. The business had revenue of $3.02 billion during 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 last year, the business posted $0.54 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.
Entergy Profile
(
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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