Turtle Creek Wealth Advisors LLC Buys New Shares in Entergy Corporation (NYSE:ETR)

Turtle Creek Wealth Advisors LLC acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 73,191 shares of the utilities provider's stock, valued at approximately $6,257,000.

Other institutional investors have also modified their holdings of the company. Sandy Spring Bank increased its holdings in Entergy by 100.0% during 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 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 acquiring an additional 180 shares during the period. Glass Jacobson Investment Advisors llc acquired a new stake in Entergy during the 4th quarter worth about $29,000. VSM Wealth Advisory LLC purchased a new position in shares of Entergy during the 4th quarter valued at about $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of Entergy by 100.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 400 shares of the utilities provider's stock valued at $30,000 after buying an additional 200 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Up 0.8%

Entergy stock traded up $0.69 during trading on Wednesday, reaching $83.56. 2,980,625 shares of the company's stock were exchanged, compared to its average volume of 3,558,140. The company's 50-day moving average is $82.21 and its two-hundred day moving average is $82.20. 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 52-week low of $53.79 and a 52-week high of $88.38. The firm has a market cap of $35.99 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.26 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same quarter in the previous year, the business posted $0.54 EPS. On average, analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ETR shares. Raymond James Financial started coverage on Entergy in a research note on Friday, June 13th. They set a "market perform" rating for the company. Morgan Stanley reduced their price objective 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. BMO Capital Markets lifted their price target on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. KeyCorp lifted their price target on Entergy from $85.00 to $88.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Barclays cut their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Six 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. Based on data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus target price of $86.46.

Entergy 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.