Entergy Corporation $ETR Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC increased its stake in Entergy Corporation (NYSE:ETR) by 15.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,742 shares of the utilities provider’s stock after buying an additional 498 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Entergy were worth $311,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ETR. Brighton Jones LLC boosted its holdings in 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 during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Entergy by 3.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,934 shares of the utilities provider’s stock worth $4,354,000 after purchasing an additional 1,546 shares in the last quarter. Rossby Financial LCC purchased a new position in shares of Entergy in the first quarter valued at $87,000. Teacher Retirement System of Texas boosted its stake in shares of Entergy by 1,466.2% in the first quarter. Teacher Retirement System of Texas now owns 62,679 shares of the utilities provider’s stock valued at $5,358,000 after purchasing an additional 58,677 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in Entergy during the 1st quarter valued at $251,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ETR has been the subject of several recent analyst reports. BTIG Research raised Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group initiated coverage on Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 price objective for the company. Royal Bank Of Canada upgraded Entergy to a “moderate buy” rating in a report on Tuesday. Bank of America increased their target price on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Scotiabank set a $105.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average price target of $102.37.

Entergy Trading Up 0.1%

NYSE:ETR opened at $96.17 on Friday. The company has a market cap of $42.93 billion, a PE ratio of 23.75, a P/E/G ratio of 2.40 and a beta of 0.62. The business’s 50 day moving average is $92.31 and its two-hundred day moving average is $87.17. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 52 week low of $70.21 and a 52 week high of $98.58.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $2.37 billion for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. On average, analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

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.