Entergy Co. (NYSE:ETR) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lessened its position in Entergy Co. (NYSE:ETR) by 11.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 67,844 shares of the utilities provider’s stock after selling 9,195 shares during the period. IFM Investors Pty Ltd’s holdings in Entergy were worth $8,929,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ETR. Atlas Capital Advisors LLC increased its holdings in shares of Entergy by 182.9% in the 1st quarter. Atlas Capital Advisors LLC now owns 396 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 256 shares in the last quarter. DGS Capital Management LLC acquired a new stake in shares of Entergy during the 1st quarter valued at approximately $320,000. 180 Wealth Advisors LLC lifted its position in shares of Entergy by 46.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 3,088 shares of the utilities provider’s stock valued at $326,000 after acquiring an additional 982 shares during the period. First Bank & Trust boosted its stake in shares of Entergy by 10.8% during the 1st quarter. First Bank & Trust now owns 20,424 shares of the utilities provider’s stock worth $2,158,000 after acquiring an additional 1,983 shares in the last quarter. Finally, Fox Hill Wealth Management increased its stake in Entergy by 21.6% in the 1st quarter. Fox Hill Wealth Management now owns 10,015 shares of the utilities provider’s stock valued at $1,058,000 after purchasing an additional 1,777 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.4 %

ETR stock opened at $137.46 on Friday. The company has a 50 day moving average price of $126.75 and a two-hundred day moving average price of $115.48. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a market capitalization of $29.35 billion, a P/E ratio of 13.79, a PEG ratio of 2.46 and a beta of 0.74. Entergy Co. has a one year low of $90.78 and a one year high of $137.70.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. As a group, sell-side analysts expect that Entergy Co. will post 7.22 EPS for the current year.

Insider Buying and Selling at Entergy

In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the transaction, the chief operating officer now directly owns 37,888 shares in the company, valued at $4,363,182.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the completion of the sale, the chief operating officer now directly owns 37,888 shares in the company, valued at $4,363,182.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Eliecer Viamontes sold 5,166 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the transaction, the insider now directly owns 5,117 shares in the company, valued at $614,040. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,810 shares of company stock worth $6,140,626 in the last 90 days. 0.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays decreased their target price on Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Royal Bank of Canada lifted their target price on shares of Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Argus upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Morgan Stanley raised their price objective on shares of Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.19.

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.