Ranch Capital Advisors Inc. Buys 1,159 Shares of Entergy Corporation $ETR

Ranch Capital Advisors Inc. boosted its holdings in Entergy Corporation (NYSE:ETR) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,086 shares of the utilities provider’s stock after acquiring an additional 1,159 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Entergy were worth $2,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ETR. TD Asset Management Inc increased its stake in Entergy by 964.8% in the 1st quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider’s stock worth $261,232,000 after acquiring an additional 2,768,734 shares during the last quarter. Vanguard Group Inc. increased its stake in Entergy by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock worth $4,687,331,000 after acquiring an additional 2,695,348 shares during the last quarter. Alkeon Capital Management LLC bought a new position in Entergy in the 1st quarter worth about $194,429,000. Nuveen LLC purchased a new position in shares of Entergy in the 1st quarter worth about $123,648,000. Finally, Zimmer Partners LP boosted its holdings in shares of Entergy by 285.5% in the 1st quarter. Zimmer Partners LP now owns 1,133,474 shares of the utilities provider’s stock worth $96,901,000 after purchasing an additional 839,474 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.39% of the company’s stock.

Entergy Trading Up 1.0%

Shares of ETR stock opened at $96.62 on Friday. The stock has a market capitalization of $43.13 billion, a PE ratio of 24.06, a P/E/G ratio of 2.41 and a beta of 0.62. Entergy Corporation has a 1-year low of $66.85 and a 1-year high of $98.58. The business has a 50-day moving average of $91.61 and a 200 day moving average of $86.59. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52.

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. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The business had revenue of $2.37 billion during the quarter. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Bank of America upped their price objective on Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. BTIG Research upgraded Entergy to a “strong-buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Evercore ISI set a $98.00 price objective on Entergy and gave the stock an “in-line” rating in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. One investment 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.00.

Entergy Company 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.