SYM FINANCIAL Corp Invests $216,000 in Entergy Corporation (NYSE:ETR)

SYM FINANCIAL Corp purchased a new position in Entergy Corporation (NYSE:ETR) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 2,522 shares of the utilities provider’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Financial Advisors Inc. boosted its position in shares of Entergy by 60.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider’s stock worth $1,219,000 after purchasing an additional 6,028 shares during the last quarter. Bank of Montreal Can lifted its holdings in Entergy by 74.3% during the fourth quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider’s stock worth $50,869,000 after acquiring an additional 286,005 shares in the last quarter. Horizon Investment Services LLC lifted its holdings in Entergy by 95.3% during the fourth quarter. Horizon Investment Services LLC now owns 4,319 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 2,108 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Entergy by 25.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider’s stock worth $6,708,000 after acquiring an additional 15,892 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in Entergy by 85.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,178 shares of the utilities provider’s stock worth $317,000 after acquiring an additional 1,931 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

Shares of NYSE ETR opened at $88.08 on Thursday. The business’s 50 day moving average price is $82.71 and its two-hundred day moving average price is $82.59. The company has a market cap of $37.94 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91. Entergy Corporation has a twelve month low of $55.21 and a twelve month high of $89.35.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a return on equity of 11.43% and a net margin of 11.26%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on ETR. Raymond James Financial began coverage on Entergy in a report on Friday, June 13th. They set a “market perform” rating on the stock. Barclays reduced their target price on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Morgan Stanley dropped their price target on Entergy from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. BMO Capital Markets lifted their price target on Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, KeyCorp lifted their price target on Entergy from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $86.46.

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.