Teacher Retirement System of Texas Raises Stake in Entergy Corporation (NYSE:ETR)

Teacher Retirement System of Texas raised its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 1,466.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,679 shares of the utilities provider's stock after buying an additional 58,677 shares during the quarter. Teacher Retirement System of Texas' holdings in Entergy were worth $5,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBT Bank N A NY raised its position in shares of 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 purchasing an additional 170 shares during the last quarter. Grove Bank & Trust increased its holdings in Entergy by 188.5% in the first 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 increased its stake in shares of 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 purchasing an additional 179 shares in the last quarter. Glen Eagle Advisors LLC increased its position in shares of Entergy by 100.0% in the fourth 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 increased its stake in shares of Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after purchasing an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ETR. UBS Group upped their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Barclays lowered their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday. Morgan Stanley lowered their price target on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. BMO Capital Markets boosted their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research report on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and an average target price of $85.96.

Entergy Price Performance

Shares of ETR traded up $0.69 during mid-day trading on Thursday, reaching $82.15. 1,675,915 shares of the company's stock were exchanged, compared to its average volume of 3,731,954. 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 simple moving average of $82.34 and a two-hundred day simple moving average of $81.98. The company has a market cap of $35.39 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.20 and a beta of 0.59. Entergy Corporation has a 52-week low of $53.13 and a 52-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 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 last year, the business posted $0.54 EPS. On average, sell-side analysts predict 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.