E&G Advisors LP grew its position in Entergy Co. (NYSE:ETR) by 21.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,500 shares of the utilities provider’s stock after purchasing an additional 800 shares during the quarter. E&G Advisors LP’s holdings in Entergy were worth $366,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. raised its position in shares of Entergy by 1.1% in the second quarter. Epoch Investment Partners Inc. now owns 3,273,973 shares of the utilities provider’s stock valued at $251,343,000 after purchasing an additional 35,312 shares during the period. Bank of Montreal Can raised its position in shares of Entergy by 39.5% in the fourth quarter. Bank of Montreal Can now owns 2,001,135 shares of the utilities provider’s stock valued at $162,873,000 after purchasing an additional 567,130 shares during the period. Legal & General Group Plc raised its position in shares of Entergy by 2.8% in the third quarter. Legal & General Group Plc now owns 1,165,237 shares of the utilities provider’s stock valued at $88,976,000 after purchasing an additional 31,458 shares during the period. Principal Financial Group Inc. raised its position in shares of Entergy by 27.7% in the third quarter. Principal Financial Group Inc. now owns 1,152,906 shares of the utilities provider’s stock valued at $88,036,000 after purchasing an additional 250,267 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Entergy by 2.2% in the third quarter. Parametric Portfolio Associates LLC now owns 979,177 shares of the utilities provider’s stock valued at $74,770,000 after purchasing an additional 21,174 shares during the period. 82.78% of the stock is currently owned by institutional investors.
In other Entergy news, insider Richard C. Riley sold 2,000 shares of Entergy stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $85.00, for a total transaction of $170,000.00. Following the sale, the insider now owns 27,264 shares in the company, valued at $2,317,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Haley Fisackerly sold 4,800 shares of Entergy stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $87.00, for a total transaction of $417,600.00. Following the sale, the insider now owns 5,276 shares in the company, valued at approximately $459,012. The disclosure for this sale can be found here. Insiders have sold 38,362 shares of company stock worth $3,300,678 in the last quarter. Corporate insiders own 0.24% of the company’s stock.
Entergy Co. (ETR) opened at $77.67 on Wednesday. Entergy Co. has a 52-week low of $69.63 and a 52-week high of $87.95. The stock has a market cap of $14,099.26, a price-to-earnings ratio of -15.72, a P/E/G ratio of 2.25 and a beta of 0.55. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78.
Entergy (NYSE:ETR) last announced its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. analysts expect that Entergy Co. will post 6.88 EPS for the current fiscal year.
A number of equities analysts have recently commented on the stock. Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Tuesday, December 12th. TheStreet lowered shares of Entergy from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. Morgan Stanley boosted their target price on shares of Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $96.00 target price (up previously from $90.00) on shares of Entergy in a research report on Wednesday, October 25th. Finally, Jefferies Group raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $84.54.
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Entergy Company Profile
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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