James Investment Research Inc. Makes New Investment in Entergy Corporation $ETR

James Investment Research Inc. bought a new position in shares of Entergy Corporation (NYSE:ETR) in the second quarter, HoldingsChannel reports. The firm bought 6,246 shares of the utilities provider’s stock, valued at approximately $519,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mattson Financial Services LLC grew its holdings in shares of Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Entergy in the first quarter valued at approximately $28,000. Atwood & Palmer Inc. grew its holdings in Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares during the period. GoalVest Advisory LLC grew its holdings in Entergy by 5,733.3% in the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 344 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in Entergy in the first quarter valued at approximately $32,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares of the company’s stock, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.47% of the company’s stock.

Entergy Trading Down 2.2%

NYSE ETR opened at $95.18 on Wednesday. The company’s fifty day simple moving average is $91.92 and its 200-day simple moving average is $86.91. Entergy Corporation has a 52 week low of $66.85 and a 52 week high of $98.58. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a market cap of $42.49 billion, a P/E ratio of 23.71, a PEG ratio of 2.45 and a beta of 0.62.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ETR. Barclays set a $100.00 target price on shares of Entergy and gave the company an “overweight” rating in a report on Monday, October 6th. Jefferies Financial Group began coverage on shares of Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 price objective for the company. Mizuho boosted their price objective on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday. BMO Capital Markets reiterated an “outperform” rating and set a $104.00 price objective (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $100.94.

Entergy Company 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.