Barclays PLC Decreases Stock Position in Entergy Corporation (NYSE:ETR)

Barclays PLC decreased its stake in shares of Entergy Corporation (NYSE:ETR) by 30.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 537,826 shares of the utilities provider’s stock after selling 235,769 shares during the quarter. Barclays PLC owned approximately 0.13% of Entergy worth $70,782,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. OneDigital Investment Advisors LLC grew its stake in shares of Entergy by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after purchasing an additional 69 shares in the last quarter. Acropolis Investment Management LLC boosted its position in shares of Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after acquiring an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Entergy by 0.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock valued at $1,065,000 after acquiring an additional 74 shares during the last quarter. Bank & Trust Co raised its position in shares of Entergy by 12.8% during the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 90 shares in the last quarter. Finally, Prossimo Advisors LLC lifted its stake in Entergy by 1.5% during the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Eliecer Viamontes sold 400 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total value of $29,400.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 14,756 shares of company stock worth $1,095,637. Insiders own 0.39% of the company’s stock.

Entergy Stock Performance

NYSE:ETR opened at $79.43 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $34.06 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 2.54 and a beta of 0.71. The firm has a 50-day moving average price of $76.93 and a two-hundred day moving average price of $68.34. Entergy Corporation has a twelve month low of $48.08 and a twelve month high of $84.26.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter last year, the business posted $1.64 EPS. As a group, research analysts expect that Entergy Corporation will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ETR. Mizuho upped their price objective on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. Royal Bank of Canada upped their target price on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Barclays increased their price objective on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $69.00 to $77.00 in a report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $77.37.

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.