Entergy Corporation $ETR Shares Bought by Sigma Planning Corp

Sigma Planning Corp boosted its position in shares of Entergy Corporation (NYSE:ETR) by 107.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,702 shares of the utilities provider’s stock after acquiring an additional 5,552 shares during the period. Sigma Planning Corp’s holdings in Entergy were worth $1,062,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Callan Family Office LLC purchased a new position in shares of Entergy during the 2nd quarter valued at $3,250,000. Illinois Municipal Retirement Fund increased its stake in Entergy by 18.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after buying an additional 27,868 shares in the last quarter. Nykredit A S purchased a new stake in Entergy in the 2nd quarter worth $22,064,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Entergy in the 2nd quarter worth $2,843,000. Finally, Swiss National Bank raised its holdings in Entergy by 7.1% during the first quarter. Swiss National Bank now owns 1,310,700 shares of the utilities provider’s stock valued at $147,270,000 after acquiring an additional 87,300 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

ETR opened at $109.99 on Friday. The stock has a market capitalization of $51.33 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 2.41 and a beta of 0.46. The company has a fifty day moving average of $104.31 and a 200 day moving average of $107.22. Entergy Corporation has a fifty-two week low of $90.87 and a fifty-two week high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the previous year, the company earned $1.05 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 4.40 earnings per share for the current fiscal year.

Insider Transactions at Entergy

In related news, insider Laura R. Landreaux sold 5,600 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the sale, the insider directly owned 22,589 shares in the company, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the topic of several research analyst reports. Bank of America boosted their price objective on Entergy from $112.00 to $115.00 in a research report on Monday, July 27th. Evercore increased their target price on Entergy from $121.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. UBS Group lifted their target price on Entergy from $129.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Finally, Scotiabank dropped their price target on Entergy from $129.00 to $121.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. Twenty analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.25.

Entergy Company Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.