First American Bank purchased a new stake in shares of Entergy Co. (NYSE:ETR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,441 shares of the utilities provider’s stock, valued at approximately $1,090,000.
A number of other large investors have also bought and sold shares of ETR. FMR LLC raised its position in Entergy by 256.4% during the second quarter. FMR LLC now owns 2,585,554 shares of the utilities provider’s stock valued at $208,886,000 after buying an additional 1,860,030 shares during the period. Millennium Management LLC raised its position in Entergy by 107.5% during the second quarter. Millennium Management LLC now owns 2,700,290 shares of the utilities provider’s stock valued at $218,156,000 after buying an additional 1,398,892 shares during the period. Luminus Management LLC acquired a new position in Entergy during the second quarter valued at $110,530,000. Massachusetts Financial Services Co. MA acquired a new position in Entergy during the second quarter valued at $93,409,000. Finally, Boston Partners raised its position in Entergy by 38.4% during the second quarter. Boston Partners now owns 2,824,231 shares of the utilities provider’s stock valued at $228,170,000 after buying an additional 784,238 shares during the period. 91.46% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. Morgan Stanley upped their price target on Entergy from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, June 22nd. Zacks Investment Research raised Entergy from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. Scotiabank assumed coverage on Entergy in a research report on Tuesday, July 24th. They set a “hold” rating and a $84.00 price target on the stock. Goldman Sachs Group raised Entergy from a “neutral” rating to a “buy” rating and upped their price target for the company from $87.00 to $88.00 in a research report on Thursday, July 19th. Finally, Citigroup upped their price target on Entergy from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $88.71.
Shares of NYSE ETR opened at $82.72 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.42 and a debt-to-equity ratio of 1.85. Entergy Co. has a one year low of $71.95 and a one year high of $87.95. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.81 and a beta of 0.49.
Entergy (NYSE:ETR) last issued its earnings results on Wednesday, August 1st. The utilities provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.48. Entergy had a return on equity of 13.45% and a net margin of 2.73%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the company posted $3.11 earnings per share. On average, equities research analysts anticipate that Entergy Co. will post 6.41 EPS for the current fiscal year.
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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