Entergy Co. (ETR) Shares Bought by Hexavest Inc.

Hexavest Inc. increased its stake in Entergy Co. (NYSE:ETR) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 251,297 shares of the utilities provider’s stock after buying an additional 1,337 shares during the period. Hexavest Inc.’s holdings in Entergy were worth $20,453,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ETR. Advisory Services Network LLC boosted its holdings in shares of Entergy by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after buying an additional 49 shares during the last quarter. Krilogy Financial LLC boosted its holdings in shares of Entergy by 1,116.0% in the 3rd quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock worth $186,000 after buying an additional 2,232 shares during the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Entergy in the 2nd quarter worth about $204,000. Buckingham Asset Management LLC purchased a new position in shares of Entergy in the 3rd quarter worth about $212,000. Finally, Caxton Associates LP purchased a new position in shares of Entergy in the 3rd quarter worth about $252,000. 82.78% of the stock is currently owned by institutional investors.

In other news, insider Richard C. Riley sold 2,000 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $85.00, for a total value of $170,000.00. Following the sale, the insider now directly owns 27,264 shares of the company’s stock, valued at $2,317,440. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $86.24, for a total transaction of $796,340.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,012 shares of company stock worth $4,267,922. Insiders own 0.24% of the company’s stock.

A number of brokerages recently weighed in on ETR. Guggenheim reissued a “buy” rating and issued a $101.00 price target on shares of Entergy in a report on Wednesday, January 3rd. Citigroup raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Friday, October 13th. Mizuho raised shares of Entergy from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $84.00 to $82.00 in a report on Thursday, September 21st. Finally, TheStreet downgraded shares of Entergy from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $84.54.

Shares of Entergy Co. (NYSE ETR) opened at $78.22 on Friday. The company has a market cap of $14,270.50, a PE ratio of 11.71, a price-to-earnings-growth ratio of 2.28 and a beta of 0.55. Entergy Co. has a fifty-two week low of $69.63 and a fifty-two week high of $87.95. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. equities research analysts anticipate that Entergy Co. will post 6.91 EPS for the current year.

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About Entergy

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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