Nisa Investment Advisors LLC Sells 317,456 Shares of Entergy Corporation (NYSE:ETR)

Nisa Investment Advisors LLC lessened its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 88.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,133 shares of the utilities provider's stock after selling 317,456 shares during the period. Nisa Investment Advisors LLC's holdings in Entergy were worth $3,602,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Legacy Financial Advisors Inc. raised its stake in Entergy by 60.0% during 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 during the last quarter. Bank of Montreal Can raised its stake in Entergy by 74.3% during the fourth quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock worth $50,869,000 after buying an additional 286,005 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Entergy during the fourth quarter worth $9,135,000. Horizon Investment Services LLC raised its stake in Entergy by 95.3% during the fourth quarter. Horizon Investment Services LLC now owns 4,319 shares of the utilities provider's stock worth $328,000 after buying an additional 2,108 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Entergy by 25.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider's stock worth $6,708,000 after purchasing an additional 15,892 shares during the period. Institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of research reports. UBS Group raised their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. 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 report on Wednesday, June 18th. Barclays reduced their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday. BMO Capital Markets raised their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Raymond James Financial initiated coverage on shares of Entergy in a report on Friday, June 13th. They issued a "market perform" rating for the company. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $85.96.

Entergy Stock Down 0.5%

Shares of NYSE ETR opened at $81.72 on Friday. The stock has a market capitalization of $35.20 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.23 and a beta of 0.59. The company has a 50-day moving average price of $82.26 and a 200-day moving average price of $82.10. Entergy Corporation has a 1 year low of $53.39 and a 1 year high of $88.38. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.82 and a quick ratio of 0.55.

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 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 business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the previous year, the company earned $0.54 earnings per share. On average, equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Company 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.

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