SG Americas Securities LLC reduced its stake in Entergy Co. (NYSE:ETR – Get Rating) by 69.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,576 shares of the utilities provider’s stock after selling 14,997 shares during the quarter. SG Americas Securities LLC’s holdings in Entergy were worth $768,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC grew its holdings in Entergy by 4.4% in the 1st quarter. Park Avenue Securities LLC now owns 12,983 shares of the utilities provider’s stock valued at $1,516,000 after buying an additional 545 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Entergy by 6.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 12,278 shares of the utilities provider’s stock valued at $1,433,000 after buying an additional 748 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Entergy by 6.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 16,335 shares of the utilities provider’s stock valued at $1,907,000 after buying an additional 1,000 shares in the last quarter. TCI Wealth Advisors Inc. grew its holdings in Entergy by 2,863.6% in the 1st quarter. TCI Wealth Advisors Inc. now owns 326 shares of the utilities provider’s stock valued at $38,000 after buying an additional 315 shares in the last quarter. Finally, Financial Counselors Inc. grew its holdings in shares of Entergy by 3.8% during the 1st quarter. Financial Counselors Inc. now owns 116,559 shares of the utilities provider’s stock worth $13,608,000 after purchasing an additional 4,219 shares during the period. 88.94% of the stock is currently owned by hedge funds and other institutional investors.
Entergy Price Performance
ETR stock opened at $115.41 on Tuesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.72 and a quick ratio of 0.49. The firm has a market capitalization of $23.47 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.70 and a beta of 0.58. The business’s 50-day moving average is $112.60 and its two-hundred day moving average is $113.34. Entergy Co. has a 1 year low of $98.50 and a 1 year high of $126.82.
Entergy Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein set a $100.00 price target on Entergy and gave the stock a “market perform” rating in a report on Tuesday, May 17th. Credit Suisse Group lowered their price target on Entergy from $136.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, June 21st. Baader Bank set a $188.00 price target on Entergy in a report on Wednesday, May 18th. Mizuho lowered their price target on Entergy from $127.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, June 29th. Finally, UBS Group set a $123.00 price target on Entergy in a report on Monday, June 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $121.93.
Insider Buying and Selling at Entergy
In other Entergy news, COO Paul D. Hinnenkamp sold 6,500 shares of the stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $120.94, for a total value of $786,110.00. Following the sale, the chief operating officer now owns 26,102 shares of the company’s stock, valued at approximately $3,156,775.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by corporate insiders.
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.
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