Atria Investments LLC Buys 661 Shares of Entergy Co. (NYSE:ETR)


Atria Investments LLC grew its stake in Entergy Co. (NYSE:ETR – Get Rating) by 6.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 10,183 shares of the utilities provider’s stock after purchasing an additional 661 shares during the quarter. Atria Investments LLC’s holdings in Entergy were worth $1,189,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Park Avenue Securities LLC grew its holdings in shares of Entergy by 4.4% in the 1st quarter. Park Avenue Securities LLC now owns 12,983 shares of the utilities provider’s stock valued at $1,516,000 after acquiring an additional 545 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Entergy by 6.5% during the first quarter. Daiwa Securities Group Inc. now owns 12,278 shares of the utilities provider’s stock worth $1,433,000 after purchasing an additional 748 shares during the period. Nisa Investment Advisors LLC grew its holdings in Entergy by 6.5% during the first quarter. Nisa Investment Advisors LLC now owns 16,335 shares of the utilities provider’s stock worth $1,907,000 after purchasing an additional 1,000 shares during the period. TCI Wealth Advisors Inc. grew its holdings in Entergy by 2,863.6% during the first quarter. TCI Wealth Advisors Inc. now owns 326 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 315 shares during the period. Finally, Financial Counselors Inc. grew its holdings in Entergy by 3.8% during the first quarter. Financial Counselors Inc. now owns 116,559 shares of the utilities provider’s stock worth $13,608,000 after purchasing an additional 4,219 shares during the period. Institutional investors own 88.94% of the company’s stock.

Analysts Set New Price Targets

ETR has been the subject of a number of research analyst reports. Baader Bank set a $188.00 price target on Entergy in a report on Wednesday, May 18th. Wells Fargo & Company cut their price objective on shares of Entergy from $140.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, June 21st. Sanford C. Bernstein set a $100.00 price objective on shares of Entergy and gave the stock a “market perform” rating in a research report on Tuesday, May 17th. The Goldman Sachs Group set a $224.00 price objective on shares of Entergy in a research report on Monday, May 16th. Finally, StockNews.com began coverage on shares of Entergy in a research report on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $121.93.

Insider Activity at Entergy

In related news, COO Paul D. Hinnenkamp sold 6,500 shares of Entergy stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $120.94, for a total value of $786,110.00. Following the transaction, the chief operating officer now directly owns 26,102 shares of the company’s stock, valued at $3,156,775.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Paul D. Hinnenkamp sold 6,500 shares of Entergy stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $120.94, for a total value of $786,110.00. Following the transaction, the chief operating officer now directly owns 26,102 shares of the company’s stock, valued at $3,156,775.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Deanna D. Rodriguez sold 256 shares of Entergy stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $120.22, for a total transaction of $30,776.32. Following the completion of the transaction, the insider now directly owns 3,108 shares in the company, valued at $373,643.76. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.

Entergy Stock Down 0.2%

NYSE ETR opened at $111.06 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.49 and a debt-to-equity ratio of 2.24. Entergy Co. has a 1-year low of $98.50 and a 1-year high of $126.82. The company has a 50-day moving average of $112.69 and a 200-day moving average of $113.20. The company has a market cap of $22.59 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.59 and a beta of 0.60.

Entergy (NYSE:ETR – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The utilities provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Entergy had a net margin of 8.99% and a return on equity of 10.44%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. On average, equities research analysts expect that Entergy Co. will post 6.36 earnings per share for the current fiscal year.

Entergy Profile

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Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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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Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Co. (NYSE:ETR – Get Rating).

Institutional Ownership by Quarter for Enterprise (NYSE:ETR)



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