Field & Main Bank Raises Stock Holdings in Entergy Corporation (NYSE:ETR)

Field & Main Bank grew its holdings in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 500 shares of the utilities provider’s stock after acquiring an additional 250 shares during the quarter. Field & Main Bank’s holdings in Entergy were worth $38,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Entergy in the 3rd quarter worth $27,000. Cetera Trust Company N.A acquired a new stake in shares of Entergy in the third quarter valued at about $29,000. Fortitude Family Office LLC increased its stake in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares in the last quarter. IFS Advisors LLC acquired a new position in shares of Entergy during the 4th quarter worth about $30,000. Finally, Ulland Investment Advisors LLC lifted its stake in Entergy by 100.0% in the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and increased their target price for the company from $69.00 to $77.00 in a report on Monday, November 4th. Barclays increased their price objective on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, UBS Group raised their price target on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Stock Up 2.5 %

Shares of NYSE ETR opened at $81.20 on Friday. Entergy Corporation has a 1 year low of $48.08 and a 1 year high of $84.26. The company has a market capitalization of $34.82 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.54 and a beta of 0.71. The company has a 50 day simple moving average of $77.01 and a 200-day simple moving average of $68.42. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last posted its 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 company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter in the previous year, the business earned $1.64 earnings per share. On average, equities research analysts predict that Entergy Corporation will post 3.59 earnings per share for the current year.

Insider Buying and Selling

In other Entergy news, insider Eliecer Viamontes sold 400 shares of Entergy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total transaction of $29,400.00. Following the completion of the sale, the insider now directly owns 8,346 shares in the company, valued at $613,431. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of the stock in a transaction that occurred on 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 $300,444.48. The trade was a 67.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,756 shares of company stock valued at $1,095,637. 0.39% of the stock is currently 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.