R Squared Ltd Has $1.27 Million Stake in Entergy Corporation $ETR

R Squared Ltd grew its stake in shares of Entergy Corporation (NYSE:ETR) by 181.7% in the second quarter, HoldingsChannel.com reports. The firm owned 15,236 shares of the utilities provider’s stock after purchasing an additional 9,828 shares during the period. Entergy comprises about 0.7% of R Squared Ltd’s investment portfolio, making the stock its 27th largest holding. R Squared Ltd’s holdings in Entergy were worth $1,266,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Mattson Financial Services LLC raised its position in Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after buying an additional 150 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy in the first quarter valued at about $28,000. Atwood & Palmer Inc. lifted its position in shares of Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Entergy during the first quarter worth about $32,000. Finally, Wellington Shields & Co. LLC bought a new stake in Entergy in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity

In related news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the sale, the insider owned 3,318 shares of the company’s stock, valued at approximately $300,279. This represents a 57.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Mizuho set a $97.00 price target on Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. Barclays set a $100.00 price objective on Entergy and gave the stock an “overweight” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their target price on Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, BTIG Research raised shares of Entergy to a “strong-buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $99.00.

Entergy Stock Performance

NYSE ETR opened at $95.68 on Friday. The firm has a market cap of $42.71 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The company’s 50 day moving average is $91.46 and its 200-day moving average is $86.47. Entergy Corporation has a 12-month low of $66.85 and a 12-month high of $98.58.

Entergy (NYSE:ETR) last released its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $2.37 billion during the quarter. Entergy had a net margin of 14.35% and a return on equity of 11.52%. Sell-side analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

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.