Entergy Corporation (NYSE:ETR) Shares Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lifted its position in Entergy Corporation (NYSE:ETR) by 110.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,206 shares of the utilities provider’s stock after acquiring an additional 5,876 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Entergy were worth $850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in Entergy by 21.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock valued at $129,840,000 after buying an additional 174,093 shares during the period. Empowered Funds LLC increased its holdings in shares of Entergy by 40.7% in the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock valued at $2,448,000 after acquiring an additional 5,381 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Entergy by 4.0% in the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock valued at $36,885,000 after buying an additional 10,697 shares during the last quarter. Ausbil Investment Management Ltd grew its stake in shares of Entergy by 11.4% in the 3rd quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider’s stock valued at $12,795,000 after purchasing an additional 9,986 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new position in Entergy in the 3rd quarter valued at $32,541,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ETR has been the topic of several research analyst reports. Scotiabank decreased their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target for the company in a report on Thursday. BMO Capital Markets decreased their target price on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Finally, Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $69.00 to $77.00 in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.81.

Entergy Stock Performance

Entergy stock opened at $81.20 on Friday. 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 firm’s fifty day moving average price is $77.01 and its 200 day moving average price is $68.42. The company has a market capitalization of $34.82 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.54 and a beta of 0.71. Entergy Corporation has a 12-month low of $48.08 and a 12-month high of $84.26.

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. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. On average, research analysts forecast that Entergy Corporation will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Eliecer Viamontes sold 400 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total value of $29,400.00. Following the sale, the insider now owns 8,346 shares in the company, valued at approximately $613,431. This represents a 4.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 8,268 shares of the 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 in the company, valued at $300,444.48. The trade was a 67.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,756 shares of company stock worth $1,095,637 in the last three months. 0.39% of the stock is owned by insiders.

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.