Leeward Investments LLC MA Lowers Holdings in Entergy Corporation $ETR

Leeward Investments LLC MA trimmed its position in Entergy Corporation (NYSE:ETR) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,085 shares of the utilities provider’s stock after selling 1,839 shares during the quarter. Leeward Investments LLC MA’s holdings in Entergy were worth $9,566,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ETR. Brighton Jones LLC raised its position in shares of Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 6,733 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Entergy by 9.8% in the 1st quarter. GAMMA Investing LLC now owns 15,530 shares of the utilities provider’s stock worth $1,328,000 after acquiring an additional 1,390 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Entergy by 559.3% in the 1st quarter. Golden State Wealth Management LLC now owns 923 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 783 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Entergy by 217.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 158,387 shares of the utilities provider’s stock worth $13,541,000 after acquiring an additional 108,457 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Entergy by 30.6% in 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. 88.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the transaction, the insider directly owned 3,318 shares of the company’s stock, valued at approximately $300,279. This represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Entergy Stock Up 1.0%

Shares of ETR stock opened at $96.62 on Friday. The stock’s 50-day simple moving average is $91.61 and its 200-day simple moving average is $86.65. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The firm has a market capitalization of $43.13 billion, a PE ratio of 24.06, a P/E/G ratio of 2.43 and a beta of 0.62. Entergy Corporation has a fifty-two week low of $66.85 and a fifty-two week high of $98.58.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $2.37 billion for the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%. Equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays set a $100.00 target price on Entergy and gave the company an “overweight” rating in a research report on Monday, October 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 target price (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. KeyCorp reaffirmed an “overweight” rating and set a $106.00 target price (up from $96.00) on shares of Entergy in a research report on Wednesday, October 15th. Morgan Stanley set a $93.00 target price on Entergy and gave the company an “outperform” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.00.

About Entergy

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.