Entergy Corporation (NYSE:ETR) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 1,466.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Rossby Financial LCC purchased a new stake in shares of Entergy in the first quarter valued at approximately $87,000. Summit Trail Advisors LLC raised its holdings in Entergy by 15.6% during the first quarter. Summit Trail Advisors LLC now owns 8,281 shares of the utilities provider's stock worth $708,000 after purchasing an additional 1,119 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Entergy by 3.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,934 shares of the utilities provider's stock worth $4,354,000 after purchasing an additional 1,546 shares during the last quarter. Mather Group LLC. raised its holdings in Entergy by 507.5% during the first quarter. Mather Group LLC. now owns 11,415 shares of the utilities provider's stock worth $976,000 after purchasing an additional 9,536 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Entergy during the first quarter worth $6,425,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ETR has been the subject of several research reports. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Wednesday, May 14th. UBS Group upped 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. JPMorgan Chase & Co. boosted their price target on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Barclays raised their price target on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Raymond James Financial assumed coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.25.

Entergy Stock Performance

Shares of NYSE ETR traded up $0.63 during mid-day trading on Wednesday, hitting $81.56. The company had a trading volume of 2,342,167 shares, compared to its average volume of 3,561,485. The stock has a market cap of $35.13 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.20 and a beta of 0.59. Entergy Corporation has a 12 month low of $52.46 and a 12 month 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. The firm's 50 day simple moving average is $82.34 and its two-hundred day simple moving average is $81.98.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.22. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate 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. As a group, equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share 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.