Rehmann Capital Advisory Group Makes New Investment in Entergy Corporation (NYSE:ETR)

Rehmann Capital Advisory Group acquired a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,225 shares of the utilities provider's stock, valued at approximately $276,000.

Several other large investors have also recently bought and sold shares of ETR. Vanguard Group Inc. lifted its holdings in Entergy by 101.9% during the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after buying an additional 26,312,267 shares in the last quarter. Bank of America Corp DE lifted its holdings in Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after buying an additional 10,347,926 shares in the last quarter. FMR LLC lifted its holdings in Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after buying an additional 5,998,760 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Entergy by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock worth $976,895,000 after buying an additional 5,368,396 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Entergy by 106.2% during the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after buying an additional 5,271,559 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ETR shares. UBS Group increased their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Raymond James Financial started coverage on Entergy in a research note on Friday, June 13th. They issued a "market perform" rating on the stock. KeyCorp raised 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. Barclays cut their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Morgan Stanley cut their price target 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. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Entergy has an average rating of "Moderate Buy" and an average target price of $85.96.

Entergy Trading Down 0.5%

Shares of ETR traded down $0.40 during trading hours on Friday, reaching $81.72. The stock had a trading volume of 1,892,726 shares, compared to its average volume of 3,554,336. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91. Entergy Corporation has a 52 week low of $53.39 and a 52 week high of $88.38. The firm has a 50-day moving average of $82.26 and a 200 day moving average of $82.06. The company has a market cap of $35.20 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.24 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last released its 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. The firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same quarter in the prior year, the company earned $0.54 EPS. On average, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal 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.