Brookstone Capital Management Sells 777 Shares of Entergy Corporation $ETR

Brookstone Capital Management decreased its position in shares of Entergy Corporation (NYSE:ETR) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,639 shares of the utilities provider’s stock after selling 777 shares during the quarter. Brookstone Capital Management’s holdings in Entergy were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mattson Financial Services LLC increased its holdings in shares of Entergy by 100.0% during the first 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 in the last quarter. Atwood & Palmer Inc. grew its holdings 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 buying an additional 190 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Entergy during the first quarter worth $28,000. Wayfinding Financial LLC bought a new stake in Entergy during the first quarter worth $32,000. Finally, Wellington Shields & Co. LLC bought a new stake in Entergy during the first quarter worth $34,000. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the company’s stock in a transaction 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 transaction, the insider owned 3,318 shares of the company’s stock, valued at $300,279. This represents a 57.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.

Entergy Stock Up 1.0%

ETR stock opened at $96.62 on Monday. The stock’s fifty day simple moving average is $91.61 and its two-hundred day simple moving average is $86.69. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 1-year low of $66.85 and a 1-year high of $98.58. The stock has a market cap of $43.13 billion, a P/E ratio of 24.06, a P/E/G ratio of 2.43 and a beta of 0.62.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The firm had revenue of $2.37 billion for the quarter. Analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ETR shares. Mizuho set a $97.00 price target on Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Saturday. Evercore ISI set a $98.00 price target on Entergy and gave the stock an “in-line” rating in a report on Monday, October 6th. Jefferies Financial Group began coverage on Entergy in a report on Thursday, September 4th. They set a “buy” rating and a $109.00 price target for the company. Finally, KeyCorp reissued an “overweight” rating and issued a $106.00 price objective (up previously from $96.00) on shares of Entergy in a research report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

Entergy Company 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.