Entergy Corporation $ETR Shares Purchased by Twin City Private Wealth LLC

Twin City Private Wealth LLC increased its position in Entergy Corporation (NYSE:ETR) by 16.8% in the second quarter, Holdings Channel.com reports. The firm owned 33,232 shares of the utilities provider’s stock after acquiring an additional 4,792 shares during the period. Entergy comprises approximately 2.3% of Twin City Private Wealth LLC’s portfolio, making the stock its 9th largest holding. Twin City Private Wealth LLC’s holdings in Entergy were worth $2,762,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETR. Brighton Jones LLC increased its position in Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in 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 buying an additional 1,546 shares during the last quarter. Rossby Financial LCC bought a new position in Entergy during the first quarter worth about $87,000. Teacher Retirement System of Texas boosted its holdings in Entergy by 1,466.2% during the first quarter. Teacher Retirement System of Texas now owns 62,679 shares of the utilities provider’s stock worth $5,358,000 after buying an additional 58,677 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in Entergy during the first quarter worth about $251,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Up 0.1%

NYSE:ETR opened at $96.17 on Friday. The firm has a market capitalization of $42.93 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. Entergy Corporation has a twelve month low of $70.21 and a twelve month high of $98.58. The stock’s 50 day moving average price is $92.31 and its two-hundred day moving average price 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 (NYSE:ETR) last posted its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The business had revenue of $2.37 billion for the quarter. Equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ETR. KeyCorp restated an “overweight” rating and set a $106.00 target price (up previously from $96.00) on shares of Entergy in a report on Wednesday, October 15th. Mizuho lifted their price objective on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Evercore ISI lifted their price objective on Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a report on Thursday. Wells Fargo & Company upgraded Entergy to a “strong-buy” rating in a research note on Tuesday. Finally, BMO Capital Markets restated an “outperform” rating and issued a $104.00 target price (up previously from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.37.

Entergy 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.