Entergy Corporation $ETR Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its position in shares of Entergy Corporation (NYSE:ETR) by 283.1% during the second quarter, Holdings Channel reports. The institutional investor owned 14,808 shares of the utilities provider’s stock after buying an additional 10,943 shares during the quarter. AlphaQuest LLC’s holdings in Entergy were worth $1,231,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TD Asset Management Inc lifted its position in shares of Entergy by 964.8% during the 1st quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider’s stock worth $261,232,000 after purchasing an additional 2,768,734 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock worth $4,687,331,000 after buying an additional 2,695,348 shares during the last quarter. Alkeon Capital Management LLC acquired a new position in shares of Entergy during the 1st quarter worth about $194,429,000. Nuveen LLC purchased a new position in Entergy in the first quarter valued at approximately $123,648,000. Finally, Zimmer Partners LP raised its stake in Entergy by 285.5% during the 1st quarter. Zimmer Partners LP now owns 1,133,474 shares of the utilities provider’s stock worth $96,901,000 after acquiring an additional 839,474 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction on 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 directly owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research reports. Jefferies Financial Group started coverage on Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 price target on the stock. Evercore ISI set a $98.00 price target on Entergy and gave the stock an “in-line” rating in a report on Monday, October 6th. Scotiabank set a $105.00 price objective on Entergy and gave the company an “outperform” rating in a research note on Friday, October 3rd. Bank of America increased their price objective on Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley set a $93.00 target price on Entergy and gave the company an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.00.

Entergy Trading Up 1.0%

NYSE:ETR opened at $96.62 on Friday. Entergy Corporation has a 1 year low of $66.85 and a 1 year high of $98.58. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The stock has a fifty day moving average price of $91.61 and a two-hundred day moving average price of $86.65. The stock has a market capitalization of $43.13 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.43 and a beta of 0.62.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate 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.