Entergy Corporation (NYSE:ETR) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its position in Entergy Corporation (NYSE:ETR - Free Report) by 47.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,924 shares of the utilities provider's stock after selling 104,764 shares during the quarter. Leeward Investments LLC MA's holdings in Entergy were worth $9,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ETR. Legacy Financial Advisors Inc. lifted its stake in shares of Entergy by 60.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after buying an additional 6,028 shares in the last quarter. Bank of Montreal Can lifted its position in Entergy by 74.3% during the fourth quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after purchasing an additional 286,005 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Entergy during the fourth quarter valued at $9,135,000. Horizon Investment Services LLC lifted its holdings in shares of Entergy by 95.3% in the 4th quarter. Horizon Investment Services LLC now owns 4,319 shares of the utilities provider's stock worth $328,000 after acquiring an additional 2,108 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Entergy by 25.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider's stock valued at $6,708,000 after buying an additional 15,892 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ETR shares. BMO Capital Markets upped their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research note on Wednesday, May 14th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Barclays increased their price target on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, UBS Group increased their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $86.25.

Entergy Trading Down 0.3%

Entergy stock traded down $0.21 during midday trading on Monday, hitting $81.71. 1,744,246 shares of the stock were exchanged, compared to its average volume of 3,568,184. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The stock has a market capitalization of $35.20 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 2.23 and a beta of 0.59. The stock's 50-day simple moving average is $82.49 and its 200 day simple moving average is $81.94. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91.

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

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.