Entergy Corporation $ETR Shares Acquired by AlphaQuest LLC

AlphaQuest LLC lifted its stake in Entergy Corporation (NYSE:ETR) by 283.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,808 shares of the utilities provider’s stock after purchasing an additional 10,943 shares during the quarter. AlphaQuest LLC’s holdings in Entergy were worth $1,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ETR. Mattson Financial Services LLC boosted its position in shares of Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Atwood & Palmer Inc. raised its stake in Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Entergy in the 1st quarter valued at about $28,000. Wayfinding Financial LLC acquired a new stake in shares of Entergy during the 1st quarter worth approximately $32,000. Finally, Wellington Shields & Co. LLC purchased a new stake in shares of Entergy during the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BTIG Research upgraded Entergy to a “strong-buy” rating in a research report on Wednesday. Barclays set a $100.00 price target on Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Scotiabank set a $105.00 price objective on shares of Entergy and gave the company an “outperform” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. upped their target price on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Morgan Stanley set a $93.00 price target on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.00.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the transaction, 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 at the SEC website. 0.39% of the stock is owned by corporate insiders.

Entergy Stock Performance

Shares of Entergy stock opened at $96.62 on Friday. The stock has a market capitalization of $43.13 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.43 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The business has a 50-day moving average of $91.61 and a 200 day moving average of $86.65. Entergy Corporation has a 12 month low of $66.85 and a 12 month high of $98.58.

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

Entergy Profile

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.