Entergy Corporation (NYSE:ETR) Stock Holdings Increased by Mariner Investment Group LLC

Mariner Investment Group LLC lifted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 33.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the utilities provider's stock after acquiring an additional 5,000 shares during the quarter. Entergy accounts for about 0.7% of Mariner Investment Group LLC's holdings, making the stock its 15th biggest position. Mariner Investment Group LLC's holdings in Entergy were worth $1,710,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy during the 1st quarter worth approximately $28,000. Grove Bank & Trust lifted its stake in Entergy by 188.5% in the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after buying an additional 230 shares in the last quarter. Sandy Spring Bank lifted its stake in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. Glen Eagle Advisors LLC lifted its stake in Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after buying an additional 180 shares in the last quarter. Finally, Legacy Investment Solutions LLC lifted its stake in Entergy by 85.1% in the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock valued at $31,000 after buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Up 2.1%

NYSE ETR traded up $1.79 during trading hours on Friday, hitting $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. The firm's 50 day moving average is $82.29 and its 200 day moving average is $82.39. The company has a market capitalization of $37.19 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 2.35 and a beta of 0.59. Entergy Corporation has a fifty-two week low of $55.04 and a fifty-two week high of $88.38.

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 for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to analysts' expectations 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 prior year, the company posted $0.54 EPS. Sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. KeyCorp boosted their price target on Entergy from $85.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday. Barclays cut their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, BMO Capital Markets boosted their price target on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.