Bank of Montreal Can boosted its holdings in Entergy Co. (NYSE:ETR) by 39.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,001,135 shares of the utilities provider’s stock after acquiring an additional 567,130 shares during the quarter. Bank of Montreal Can owned 1.11% of Entergy worth $162,873,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of ETR. AXA increased its stake in Entergy by 64.3% in the second quarter. AXA now owns 6,900 shares of the utilities provider’s stock valued at $530,000 after acquiring an additional 2,700 shares during the period. Capital Fund Management S.A. bought a new stake in Entergy in the second quarter valued at about $319,000. Teachers Advisors LLC increased its stake in Entergy by 4.1% in the second quarter. Teachers Advisors LLC now owns 282,052 shares of the utilities provider’s stock valued at $21,653,000 after acquiring an additional 11,152 shares during the period. Amalgamated Bank increased its stake in Entergy by 61.0% in the second quarter. Amalgamated Bank now owns 20,230 shares of the utilities provider’s stock valued at $1,553,000 after acquiring an additional 7,661 shares during the period. Finally, BlueMountain Capital Management LLC bought a new stake in Entergy in the second quarter valued at about $204,000. 82.78% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Haley Fisackerly sold 4,800 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $87.00, for a total transaction of $417,600.00. Following the transaction, the insider now directly owns 5,276 shares in the company, valued at $459,012. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcus V. Brown sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $86.42, for a total transaction of $259,260.00. Following the transaction, the executive vice president now owns 22,264 shares in the company, valued at $1,924,054.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,362 shares of company stock worth $3,300,678. Company insiders own 0.24% of the company’s stock.
A number of analysts recently weighed in on ETR shares. Mizuho reissued a “hold” rating and issued a $83.00 target price on shares of Entergy in a research note on Friday, October 27th. Citigroup raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Friday, October 13th. JPMorgan Chase & Co. upped their target price on shares of Entergy from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Guggenheim reissued a “buy” rating and issued a $101.00 target price on shares of Entergy in a research note on Wednesday, January 3rd. Finally, TheStreet raised shares of Entergy from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $84.54.
Entergy Co. (NYSE:ETR) opened at $77.67 on Wednesday. The company has a market cap of $13,950.00, a PE ratio of -15.72, a price-to-earnings-growth ratio of 2.25 and a beta of 0.55. Entergy Co. has a 12-month low of $69.63 and a 12-month high of $87.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58.
Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.11. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. During the same period in the previous year, the business earned $2.31 earnings per share. equities research analysts predict that Entergy Co. will post 6.88 EPS for the current year.
Entergy Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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