Barings LLC held its stake in Entergy Corporation (NYSE:ETR) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,609 shares of the utilities provider’s stock at the end of the first quarter. Barings LLC’s holdings in Entergy Corporation were worth $2,781,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Clinton Group Inc. bought a new stake in Entergy Corporation during the first quarter worth $643,000. Macquarie Group Ltd. boosted its position in Entergy Corporation by 11.3% in the fourth quarter. Macquarie Group Ltd. now owns 59,300 shares of the utilities provider’s stock worth $4,357,000 after buying an additional 6,000 shares during the period. Ameriprise Financial Inc. boosted its position in Entergy Corporation by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 4,461,044 shares of the utilities provider’s stock worth $338,859,000 after buying an additional 305,111 shares during the period. Swiss National Bank boosted its position in Entergy Corporation by 28.4% in the first quarter. Swiss National Bank now owns 634,722 shares of the utilities provider’s stock worth $48,213,000 after buying an additional 140,300 shares during the period. Finally, Northpointe Capital LLC acquired a new position in Entergy Corporation during the first quarter worth approximately $3,621,000. Hedge funds and other institutional investors own 83.84% of the company’s stock.
Shares of Entergy Corporation (NYSE:ETR) opened at 75.61 on Tuesday. The company’s market cap is $13.57 billion. The company’s 50 day moving average price is $78.24 and its 200 day moving average price is $75.09. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $82.00.
Entergy Corporation (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 26th. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by $0.07. Entergy Corporation had a negative net margin of 6.63% and a positive return on equity of 13.52%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. On average, equities analysts expect that Entergy Corporation will post $4.86 EPS for the current fiscal year.
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A number of equities analysts have recently commented on ETR shares. Deutsche Bank AG boosted their price target on Entergy Corporation from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Zacks Investment Research raised Entergy Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Wednesday, April 5th. ValuEngine cut Entergy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) cut Entergy Corporation from a “buy” rating to a “neutral” rating and set a $76.00 target price for the company. in a report on Thursday, March 23rd. They noted that the move was a valuation call. Finally, Wells Fargo & Company upped their target price on Entergy Corporation from $83.50 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, May 31st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $78.50.
In other news, insider Haley Fisackerly sold 600 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $75.92, for a total value of $45,552.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.24% of the company’s stock.
About Entergy Corporation
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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