Field & Main Bank Boosts Holdings in Entergy Corporation $ETR

Field & Main Bank lifted its holdings in Entergy Corporation (NYSE:ETR) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,875 shares of the utilities provider’s stock after acquiring an additional 370 shares during the period. Field & Main Bank’s holdings in Entergy were worth $488,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after buying an additional 6,733 shares during the period. Sequoia Financial Advisors LLC lifted its position in Entergy by 30.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,879 shares of the utilities provider’s stock worth $588,000 after acquiring an additional 1,611 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Entergy by 18.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,789 shares of the utilities provider’s stock worth $3,781,000 after acquiring an additional 6,870 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Entergy by 25.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 323,762 shares of the utilities provider’s stock valued at $27,733,000 after purchasing an additional 66,165 shares during the period. Finally, Avidian Wealth Enterprises LLC purchased a new position in shares of Entergy in the first quarter valued at $219,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ETR. Mizuho boosted their target price on shares of Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday. Bank of America lifted their target price on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Scotiabank set a $105.00 price target on Entergy and gave the stock an “outperform” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Finally, Jefferies Financial Group started coverage on shares of Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.94.

Entergy Price Performance

Shares of NYSE ETR opened at $95.31 on Thursday. The stock has a market cap of $42.55 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.39 and a beta of 0.62. The firm’s 50-day simple moving average is $92.03 and its 200 day simple moving average is $87.01. Entergy Corporation has a fifty-two week low of $66.85 and a fifty-two week high of $98.58. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last released its earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The firm had revenue of $2.37 billion for the quarter. Entergy had a net margin of 14.35% and a return on equity of 11.52%. Equities analysts expect that Entergy Corporation will post 3.88 EPS 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.