3,636 Shares in Entergy Corporation (NYSE:ETR) Acquired by Stonegate Investment Group LLC

Stonegate Investment Group LLC acquired a new stake in Entergy Corporation (NYSE:ETR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,636 shares of the utilities provider’s stock, valued at approximately $276,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AXA S.A. boosted its stake in Entergy by 69.9% during the second quarter. AXA S.A. now owns 22,517 shares of the utilities provider’s stock worth $2,409,000 after buying an additional 9,263 shares during the last quarter. Creative Planning raised its holdings in shares of Entergy by 11.5% during the 2nd quarter. Creative Planning now owns 28,910 shares of the utilities provider’s stock worth $3,093,000 after acquiring an additional 2,992 shares during the period. NewEdge Advisors LLC boosted its position in shares of Entergy by 45.0% during the 2nd quarter. NewEdge Advisors LLC now owns 47,817 shares of the utilities provider’s stock valued at $5,116,000 after acquiring an additional 14,833 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Entergy by 2.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,827 shares of the utilities provider’s stock valued at $1,373,000 after purchasing an additional 276 shares during the period. Finally, Sunbelt Securities Inc. increased its position in Entergy by 24.7% during the second quarter. Sunbelt Securities Inc. now owns 1,276 shares of the utilities provider’s stock worth $137,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE:ETR opened at $81.20 on Friday. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.54 and a beta of 0.71. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. Entergy Corporation has a 52 week low of $48.08 and a 52 week high of $84.26. The company has a fifty day simple moving average of $77.01 and a two-hundred day simple moving average of $68.42.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.04. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter in the prior year, the business earned $1.64 EPS. As a group, equities analysts anticipate that Entergy Corporation will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total transaction of $616,090.02. Following the completion of the transaction, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,756 shares of company stock valued at $1,095,637. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ETR. BMO Capital Markets decreased their target price on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a report on Monday, November 18th. Mizuho upped their price objective on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a report on Monday, November 4th. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Scotiabank decreased their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

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.