Sage Mountain Advisors LLC Sells 1,588 Shares of Entergy Corporation $ETR

Sage Mountain Advisors LLC decreased its stake in Entergy Corporation (NYSE:ETR) by 26.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,348 shares of the utilities provider’s stock after selling 1,588 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Entergy were worth $361,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ETR. Mattson Financial Services LLC lifted its stake in Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Atwood & Palmer Inc. lifted its stake in Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entergy in the 1st quarter valued at about $28,000. Wayfinding Financial LLC acquired a new stake in Entergy in the 1st quarter valued at about $32,000. Finally, Wellington Shields & Co. LLC acquired a new stake in Entergy in the 1st quarter valued at about $34,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Entergy Stock Up 1.0%

Shares of ETR opened at $96.62 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $43.13 billion, a PE ratio of 24.06, a P/E/G ratio of 2.43 and a beta of 0.62. The firm’s 50 day moving average is $91.61 and its 200-day moving average is $86.69. Entergy Corporation has a 12 month low of $66.85 and a 12 month high of $98.58.

Entergy (NYSE:ETR) last posted its quarterly earnings data 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. Equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ETR. KeyCorp reiterated an “overweight” rating and issued a $106.00 target price (up from $96.00) on shares of Entergy in a research note on Wednesday, October 15th. Bank of America raised their price objective on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Morgan Stanley set a $93.00 price objective on Entergy and gave the stock an “outperform” rating in a report on Wednesday. Evercore ISI set a $98.00 target price on Entergy and gave the stock an “in-line” rating in a research note on Monday, October 6th. Finally, Barclays set a $100.00 price target on Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.