Teacher Retirement System of Texas Acquires 58,677 Shares of Entergy Corporation (NYSE:ETR)

Teacher Retirement System of Texas increased its position in 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 Securities and Exchange Commission (SEC). The firm owned 62,679 shares of the utilities provider's stock after purchasing 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 quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETR. NBT Bank N A NY raised its stake in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Sandy Spring Bank raised its stake in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares in the last quarter. Glen Eagle Advisors LLC raised its stake in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares in the last quarter. Glass Jacobson Investment Advisors llc acquired a new position in Entergy during the fourth quarter worth $29,000. Finally, BOK Financial Private Wealth Inc. raised its stake in Entergy by 100.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 400 shares of the utilities provider's stock worth $30,000 after acquiring an additional 200 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group raised their target price on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Morgan Stanley lowered their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Wednesday, May 14th. BMO Capital Markets lifted their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Barclays lifted their price objective on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.25.

Entergy Stock Up 0.3%

NYSE ETR traded up $0.22 during trading on Wednesday, hitting $81.15. The stock had a trading volume of 670,432 shares, compared to its average volume of 3,551,895. The company has a market capitalization of $34.96 billion, a PE ratio of 26.33, a P/E/G ratio of 2.23 and a beta of 0.59. The company's 50-day moving average price is $82.37 and its two-hundred day moving average price is $81.98. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $3.13 billion. During the same quarter in the previous year, the business posted $0.54 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current 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.