Millennium Management LLC lowered its stake in shares of Entergy Co. (NYSE:ETR) by 49.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,779,502 shares of the utilities provider’s stock after selling 1,742,980 shares during the quarter. Millennium Management LLC owned 0.98% of Entergy worth $153,162,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC purchased a new position in shares of Entergy in the 3rd quarter valued at about $248,000. Commonwealth Equity Services LLC raised its holdings in Entergy by 10.9% in the third quarter. Commonwealth Equity Services LLC now owns 29,275 shares of the utilities provider’s stock valued at $2,375,000 after acquiring an additional 2,882 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Entergy by 4.3% in the third quarter. JPMorgan Chase & Co. now owns 197,393 shares of the utilities provider’s stock valued at $16,014,000 after acquiring an additional 8,088 shares in the last quarter. MML Investors Services LLC acquired a new stake in Entergy in the third quarter valued at approximately $459,000. Finally, Alliancebernstein L.P. lifted its stake in Entergy by 5.4% in the third quarter. Alliancebernstein L.P. now owns 299,927 shares of the utilities provider’s stock worth $24,333,000 after acquiring an additional 15,452 shares during the last quarter. 89.46% of the stock is currently owned by institutional investors and hedge funds.
NYSE:ETR traded down $0.29 during trading hours on Monday, hitting $95.83. The company’s stock had a trading volume of 293,011 shares, compared to its average volume of 1,810,213. The firm has a market capitalization of $18.22 billion, a PE ratio of 13.11 and a beta of 0.40. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.54 and a quick ratio of 0.38. Entergy Co. has a 52-week low of $75.45 and a 52-week high of $96.77.
Entergy (NYSE:ETR) last posted its earnings results on Wednesday, February 20th. The utilities provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.48 by $0.12. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $1.96 billion. Entergy had a return on equity of 16.22% and a net margin of 7.83%. During the same quarter in the prior year, the company posted $0.76 earnings per share. As a group, equities analysts anticipate that Entergy Co. will post 5.51 EPS for the current year.
In related news, CFO Andrew S. Marsh sold 8,000 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of $88.14, for a total value of $705,120.00. Following the transaction, the chief financial officer now owns 76,343 shares of the company’s stock, valued at $6,728,872.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marcus V. Brown sold 31,300 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $94.92, for a total transaction of $2,970,996.00. The disclosure for this sale can be found here. Insiders sold 54,909 shares of company stock worth $5,116,458 in the last three months. 0.25% of the stock is currently owned by corporate insiders.
Several research firms have commented on ETR. Morgan Stanley boosted their price target on shares of Entergy from $88.00 to $91.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Zacks Investment Research lowered shares of Entergy from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. ValuEngine raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Royal Bank of Canada reiterated a “hold” rating and set a $91.00 target price on shares of Entergy in a research note on Wednesday, January 23rd. Finally, Macquarie raised Entergy from a “neutral” rating to an “outperform” rating in a report on Monday, March 11th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $90.79.
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Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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