Retirement Planning Co of New England Inc. Purchases Shares of 4,158 Entergy Corporation (NYSE:ETR)

Retirement Planning Co of New England Inc. purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,158 shares of the utilities provider's stock, valued at approximately $355,000.

Other hedge funds have also recently made changes to their positions in the company. Sandy Spring Bank raised its position in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Glen Eagle Advisors LLC lifted its position in shares of Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after purchasing an additional 180 shares during the period. Glass Jacobson Investment Advisors llc bought a new stake in shares of Entergy during the 4th quarter valued at about $29,000. VSM Wealth Advisory LLC purchased a new position in shares of Entergy during the 4th quarter worth approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC grew its stake in Entergy by 100.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 400 shares of the utilities provider's stock worth $30,000 after purchasing an additional 200 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ETR shares. UBS Group lifted their price target on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research 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 research note on Wednesday, June 18th. Raymond James Financial began coverage on shares of Entergy in a research report on Friday, June 13th. They set a "market perform" rating for the company. Barclays reduced their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a report on Tuesday. Six 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $86.46.

Entergy Price Performance

Shares of ETR opened at $84.57 on Friday. Entergy Corporation has a twelve month low of $55.01 and a twelve month high of $88.38. The company has a market cap of $36.43 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 2.28 and a beta of 0.59. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91. The company has a 50 day moving average of $82.22 and a two-hundred day moving average of $82.27.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 11.43% and a net margin of 11.26%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

About Entergy

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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