Entergy Co. (NYSE:ETR) Shares Sold by Steward Partners Investment Advisory LLC


Steward Partners Investment Advisory LLC reduced its stake in shares of Entergy Co. (NYSE:ETR – Get Rating) by 1.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 7,563 shares of the utilities provider’s stock after selling 98 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Entergy were worth $883,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CNB Bank acquired a new position in Entergy during the 1st quarter worth $27,000. Sandy Cove Advisors LLC acquired a new position in Entergy during the 4th quarter worth $29,000. Riverview Trust Co bought a new position in shares of Entergy in the 1st quarter worth about $32,000. Missouri Trust & Investment Co bought a new position in shares of Entergy in the 4th quarter worth about $33,000. Finally, TCI Wealth Advisors Inc. lifted its position in shares of Entergy by 2,863.6% in the 1st quarter. TCI Wealth Advisors Inc. now owns 326 shares of the utilities provider’s stock worth $38,000 after buying an additional 315 shares during the last quarter. 88.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Entergy from $140.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 21st. Warburg Research set the $177.00 price target on shares of Entergy in a research report on Monday, May 16th. BMO Capital Markets reduced their price target on shares of Entergy from $137.00 to $125.00 in a research report on Tuesday, June 14th. The Goldman Sachs Group set a $224.00 price target on shares of Entergy in a research report on Monday, May 16th. Finally, Barclays set a $42.00 price objective on shares of Entergy in a research report on Monday, May 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $121.93.

Entergy Stock Up 0.4%

ETR stock opened at $111.28 on Wednesday. Entergy Co. has a 52 week low of $98.50 and a 52 week high of $126.82. The company has a market capitalization of $22.63 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60. The firm’s 50-day moving average is $112.80 and its two-hundred day moving average is $113.21. 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 (NYSE:ETR – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.06). The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.90 billion. Entergy had a return on equity of 10.44% and a net margin of 8.99%. During the same period in the prior year, the firm earned $1.47 EPS. On average, analysts forecast that Entergy Co. will post 6.36 earnings per share for the current fiscal year.

Insider Transactions at Entergy

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

About Entergy

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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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Institutional Ownership by Quarter for Enterprise (NYSE:ETR)



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