Entergy Corporation $ETR Stock: VestGen Advisors LLC Lowers Position

VestGen Advisors LLC lowered its position in shares of Entergy Corporation (NYSE:ETR) by 58.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,985 shares of the utilities provider’s stock after selling 9,798 shares during the period. VestGen Advisors LLC’s holdings in Entergy were worth $693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in shares of Entergy during the 3rd quarter valued at about $67,000. William Mack & Associates Inc. purchased a new position in shares of Entergy during the 3rd quarter valued at about $40,000. Generali Asset Management SPA SGR lifted its position in Entergy by 40.4% in the 3rd quarter. Generali Asset Management SPA SGR now owns 23,053 shares of the utilities provider’s stock worth $2,288,000 after buying an additional 6,637 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Entergy by 2.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 201,426 shares of the utilities provider’s stock worth $19,994,000 after buying an additional 5,461 shares during the last quarter. Finally, John Boyer Inc. bought a new stake in Entergy in the 3rd quarter worth approximately $74,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on ETR shares. KeyCorp cut their target price on Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Barclays reissued an “overweight” rating and set a $115.00 price target (down from $128.00) on shares of Entergy in a research note on Monday, October 19th. JPMorgan Chase & Co. lowered their price objective on shares of Entergy from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Morgan Stanley upped their price objective on shares of Entergy from $98.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 21st. Finally, UBS Group upped their price objective on shares of Entergy from $129.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Twenty analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus target price of $121.25.

Entergy Stock Performance

Shares of ETR opened at $109.93 on Friday. Entergy Corporation has a 12 month low of $90.87 and a 12 month high of $118.44. The business’s fifty day simple moving average is $104.36 and its two-hundred day simple moving average is $107.30. The company has a market cap of $51.30 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 2.46 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. Research analysts anticipate that Entergy Corporation will post 4.40 earnings per share for the current fiscal year.

Insider Transactions at Entergy

In other Entergy news, insider Laura Landreaux sold 5,600 shares of the 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 transaction, the insider owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. The trade was a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

Entergy 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.