Horizon Investment Services LLC Raises Stake in Entergy Corporation (ETR)
Horizon Investment Services LLC raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 7.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,588 shares of the utilities provider’s stock after acquiring an additional 643 shares during the quarter. Horizon Investment Services LLC’s holdings in Entergy Corporation were worth $736,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Entergy Corporation by 99.4% during the 2nd quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock worth $69,296,000 after acquiring an additional 449,986 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Entergy Corporation by 4.3% during the 2nd quarter. Prudential Financial Inc. now owns 585,575 shares of the utilities provider’s stock worth $44,954,000 after acquiring an additional 23,946 shares in the last quarter. Castleton Investment Management LLC bought a new position in shares of Entergy Corporation during the 2nd quarter worth approximately $16,800,000. Swiss National Bank grew its stake in shares of Entergy Corporation by 3.3% during the 2nd quarter. Swiss National Bank now owns 655,522 shares of the utilities provider’s stock worth $50,324,000 after acquiring an additional 20,800 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Entergy Corporation by 1.0% during 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. 84.16% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This piece was reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/horizon-investment-services-llc-raises-stake-in-entergy-corporation-etr/1610661.html.
In related news, insider Haley Fisackerly sold 500 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total transaction of $38,585.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexis M. Herman sold 995 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $76.38, for a total value of $75,998.10. The disclosure for this sale can be found here. Insiders have sold 3,495 shares of company stock valued at $271,313 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.
Entergy Corporation (NYSE:ETR) traded up 0.97% during trading on Thursday, hitting $79.17. 466,600 shares of the company traded hands. The firm’s market capitalization is $14.21 billion. The stock has a 50-day moving average price of $78.37 and a 200-day moving average price of $77.30. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $80.61.
Entergy Corporation (NYSE:ETR) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the company posted $3.16 earnings per share. Equities analysts expect that Entergy Corporation will post $6.57 EPS for the current fiscal year.
ETR has been the subject of several research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a research note on Thursday, July 6th. BidaskClub cut shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. BMO Capital Markets reaffirmed a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a research note on Friday, August 4th. ValuEngine raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, Morgan Stanley raised their price target on shares of Entergy Corporation from $79.00 to $82.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Entergy Corporation has an average rating of “Hold” and an average target price of $77.70.
About Entergy Corporation
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.
Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR).
Receive News & Ratings for Entergy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.