R Squared Ltd Has $1.27 Million Holdings in Entergy Corporation $ETR

R Squared Ltd lifted its position in shares of Entergy Corporation (NYSE:ETR) by 181.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,236 shares of the utilities provider’s stock after acquiring an additional 9,828 shares during the quarter. Entergy makes up approximately 0.7% of R Squared Ltd’s portfolio, making the stock its 27th biggest position. R Squared Ltd’s holdings in Entergy were worth $1,266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ETR. TD Asset Management Inc boosted its stake in shares of Entergy by 964.8% during the first quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider’s stock valued at $261,232,000 after purchasing an additional 2,768,734 shares in the last quarter. Vanguard Group Inc. grew its holdings in Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock worth $4,687,331,000 after acquiring an additional 2,695,348 shares during the last quarter. Alkeon Capital Management LLC acquired a new position in Entergy in the 1st quarter valued at approximately $194,429,000. Nuveen LLC bought a new position in shares of Entergy during the first quarter valued at $123,648,000. Finally, Zimmer Partners LP grew its stake in shares of Entergy by 285.5% in the first quarter. Zimmer Partners LP now owns 1,133,474 shares of the utilities provider’s stock worth $96,901,000 after purchasing an additional 839,474 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ETR shares. KeyCorp reaffirmed an “overweight” rating and set a $106.00 target price (up from $96.00) on shares of Entergy in a research report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Evercore ISI set a $98.00 price objective on Entergy and gave the stock an “in-line” rating in a research note on Monday, October 6th. Bank of America increased their target price on shares of Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $99.00.

Entergy Stock Down 0.3%

Shares of NYSE ETR opened at $95.68 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The firm has a market cap of $42.71 billion, a PE ratio of 23.83, a P/E/G ratio of 2.42 and a beta of 0.62. The company’s fifty day simple moving average is $91.46 and its 200 day simple moving average is $86.47. Entergy Corporation has a 12-month low of $66.85 and a 12-month high of $98.58.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The firm had revenue of $2.37 billion for the quarter. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.39% of the company’s stock.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It 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.