Entergy Corporation (NYSE:ETR) Shares Sold by Barclays PLC

Barclays PLC lessened its stake in Entergy Corporation (NYSE:ETR) by 30.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 537,826 shares of the utilities provider’s stock after selling 235,769 shares during the quarter. Barclays PLC’s holdings in Entergy were worth $70,782,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Entergy in the third quarter worth about $27,000. Fortitude Family Office LLC raised its position in shares of Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 178 shares in the last quarter. Cetera Trust Company N.A acquired a new position in shares of Entergy in the 3rd quarter valued at approximately $29,000. Coastline Trust Co purchased a new position in shares of Entergy during the 3rd quarter valued at approximately $31,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Entergy during the third quarter worth approximately $42,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 8,268 shares of Entergy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total transaction of $616,090.02. Following the sale, the insider now directly owns 4,032 shares in the company, valued at $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,756 shares of company stock valued at $1,095,637 in the last ninety days. Company insiders own 0.39% of the company’s stock.

Entergy Price Performance

Shares of ETR opened at $79.43 on Thursday. Entergy Corporation has a 12 month low of $48.08 and a 12 month high of $84.26. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The stock has a fifty day moving average price of $76.93 and a 200 day moving average price of $68.34. The company has a market cap of $34.06 billion, a P/E ratio of 19.35, a PEG ratio of 2.54 and a beta of 0.71.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.46 by $0.04. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the prior year, the firm earned $1.64 earnings per share. On average, research analysts forecast that Entergy Corporation will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $58.00 to $75.00 in a report on Monday, November 4th. Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and upped their target price for the company from $69.00 to $77.00 in a research note on Monday, November 4th. BMO Capital Markets decreased their price target on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. Guggenheim upped their price objective on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.37.

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.