GSA Capital Partners LLP reduced its stake in Entergy Co. (NYSE:ETR) by 69.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,946 shares of the utilities provider’s stock after selling 9,013 shares during the period. GSA Capital Partners LLP’s holdings in Entergy were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Entergy by 1.0% in the 2nd quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock worth $1,247,035,000 after acquiring an additional 154,117 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Entergy by 1.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 3,273,973 shares of the utilities provider’s stock worth $251,343,000 after acquiring an additional 35,312 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Entergy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 1,165,237 shares of the utilities provider’s stock worth $88,976,000 after acquiring an additional 31,458 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Entergy by 27.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,152,906 shares of the utilities provider’s stock worth $88,036,000 after acquiring an additional 250,267 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Entergy by 71.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 973,379 shares of the utilities provider’s stock worth $74,726,000 after acquiring an additional 404,399 shares in the last quarter. Institutional investors own 82.78% of the company’s stock.
Several research analysts have recently commented on the company. Guggenheim reissued a “buy” rating and issued a $101.00 target price on shares of Entergy in a report on Wednesday, January 3rd. Citigroup raised Entergy from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Friday, October 13th. Mizuho raised Entergy from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $84.00 to $82.00 in a report on Thursday, September 21st. Finally, TheStreet downgraded Entergy from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $84.54.
Entergy Co. (NYSE ETR) opened at $80.12 on Wednesday. Entergy Co. has a 1-year low of $69.63 and a 1-year 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. The stock has a market capitalization of $14,390.00, a price-to-earnings ratio of -16.22, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55.
Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.11. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the business earned $2.31 EPS. equities analysts expect that Entergy Co. will post 6.91 earnings per share for the current year.
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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