TD Private Client Wealth LLC increased its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,377 shares of the utilities provider's stock after acquiring an additional 4,474 shares during the quarter. TD Private Client Wealth LLC's holdings in Entergy were worth $7,042,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. NBT Bank N A NY grew its stake in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after buying an additional 170 shares during the last quarter. Sandy Spring Bank grew its position in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Glen Eagle Advisors LLC lifted its holdings in Entergy by 100.0% during 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 last quarter. Glass Jacobson Investment Advisors llc acquired a new stake in Entergy during the 4th quarter worth approximately $29,000. Finally, BOK Financial Private Wealth Inc. grew its holdings in Entergy by 100.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 400 shares of the utilities provider's stock valued at $30,000 after buying an additional 200 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on ETR shares. BMO Capital Markets lifted their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a 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 for the company in a research report on Wednesday, May 14th. Barclays reduced their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday. 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 report on Wednesday, June 18th. Finally, UBS Group boosted 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. Six 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. Based on data from MarketBeat, Entergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.96.
Check Out Our Latest Stock Report on ETR
Entergy Stock Up 0.8%
Shares of NYSE:ETR traded up $0.69 during trading on Thursday, reaching $82.15. 1,675,969 shares of the stock were exchanged, compared to its average volume of 3,553,973. The firm has a market cap of $35.39 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 2.20 and a beta of 0.59. The stock has a fifty day moving average of $82.34 and a two-hundred day moving average of $81.98. Entergy Corporation has a 1-year low of $52.46 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 posted its quarterly earnings data 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. Entergy had a net margin of 11.26% and a return on equity of 11.43%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company posted $0.54 earnings per share. Research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.
Entergy Company Profile
(
Free Report)
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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