Efficient Advisors LLC Invests $225,000 in Entergy Corporation (NYSE:ETR)

Efficient Advisors LLC acquired a new stake in Entergy Corporation (NYSE:ETR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,635 shares of the utilities provider’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ETR. Glen Eagle Advisors LLC increased its stake in Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 180 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Entergy in the first quarter valued at approximately $28,000. Glass Jacobson Investment Advisors llc bought a new position in Entergy in the fourth quarter valued at approximately $29,000. Mark Sheptoff Financial Planning LLC increased its stake in Entergy by 100.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Finally, MV Capital Management Inc. increased its stake in Entergy by 103.6% in the fourth quarter. MV Capital Management Inc. now owns 399 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 203 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ETR. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Barclays cut their price target on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $100.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Raymond James Financial started coverage on shares of Entergy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. Finally, Morgan Stanley lowered their target price on shares of Entergy from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.46.

Entergy Stock Down 0.5%

ETR opened at $88.08 on Thursday. The company has a fifty day moving average price of $82.71 and a 200-day moving average price of $82.59. The firm has a market capitalization of $37.94 billion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.82 and a quick ratio of 0.55. Entergy Corporation has a one year low of $55.21 and a one year high of $89.35.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.22. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

About Entergy

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.