Flagship Harbor Advisors LLC Has $603,000 Position in Entergy Corporation (NYSE:ETR)

Flagship Harbor Advisors LLC grew its position in Entergy Corporation (NYSE:ETR) by 74.3% during the 4th quarter, HoldingsChannel reports. The firm owned 7,959 shares of the utilities provider’s stock after purchasing an additional 3,393 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Entergy were worth $603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETR. Toth Financial Advisory Corp increased its holdings in shares of Entergy by 100.6% in the fourth quarter. Toth Financial Advisory Corp now owns 999 shares of the utilities provider’s stock worth $76,000 after acquiring an additional 501 shares in the last quarter. CFS Investment Advisory Services LLC raised its stake in shares of Entergy by 106.4% in the 4th quarter. CFS Investment Advisory Services LLC now owns 4,554 shares of the utilities provider’s stock valued at $345,000 after purchasing an additional 2,348 shares during the period. Lantz Financial LLC lifted its stake in Entergy by 93.1% in the 4th quarter. Lantz Financial LLC now owns 29,893 shares of the utilities provider’s stock valued at $2,266,000 after acquiring an additional 14,412 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Entergy by 105.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,054 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 1,570 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Entergy by 96.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 5,312 shares of the utilities provider’s stock worth $403,000 after purchasing an additional 2,606 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ETR. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $58.00 to $75.00 in a research report on Monday, November 4th. UBS Group lifted their price target on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Guggenheim increased their price target on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho lifted their target price on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Bank of America cut Entergy from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.37.

Entergy Trading Up 2.3 %

ETR opened at $79.43 on Thursday. The company’s 50 day moving average is $76.93 and its 200-day moving average is $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 Corporation has a 1-year low of $48.08 and a 1-year high of $84.26. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.04. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period last year, the firm posted $1.64 earnings per share. Equities research analysts predict that Entergy Corporation will post 3.59 earnings per share for the current fiscal year.

Insider Activity at Entergy

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

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.