NewSquare Capital LLC raised its position in shares of Entergy Co. (NYSE:ETR) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,941 shares of the utilities provider’s stock after acquiring an additional 1,371 shares during the period. NewSquare Capital LLC’s holdings in Entergy were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. TIAA FSB grew its position in Entergy by 649.3% in the 3rd quarter. TIAA FSB now owns 79,892 shares of the utilities provider’s stock valued at $6,481,000 after acquiring an additional 69,230 shares during the last quarter. Seven Eight Capital LP grew its position in Entergy by 385.3% in the 3rd quarter. Seven Eight Capital LP now owns 36,400 shares of the utilities provider’s stock valued at $2,953,000 after acquiring an additional 28,900 shares during the last quarter. Oakbrook Investments LLC grew its position in Entergy by 40.9% in the 3rd quarter. Oakbrook Investments LLC now owns 10,331 shares of the utilities provider’s stock valued at $838,000 after acquiring an additional 3,000 shares during the last quarter. First American Bank bought a new position in Entergy in the 3rd quarter valued at $1,090,000. Finally, Nisa Investment Advisors LLC grew its position in Entergy by 30.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 28,185 shares of the utilities provider’s stock valued at $2,287,000 after acquiring an additional 6,600 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Haley Fisackerly sold 2,750 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $84.97, for a total transaction of $233,667.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Phillip R. May, Jr. sold 3,000 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $84.00, for a total value of $252,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,377 shares of company stock worth $3,141,926 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Several equities analysts have commented on ETR shares. Morgan Stanley cut their price objective on Entergy from $87.00 to $85.00 and set a “hold” rating on the stock in a research report on Friday, September 21st. Scotiabank started coverage on Entergy in a research report on Tuesday, July 24th. They issued a “hold” rating and a $84.00 price objective on the stock. Bank of America upped their price objective on Entergy from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 23rd. JPMorgan Chase & Co. upped their price objective on Entergy from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, August 29th. Finally, UBS Group raised Entergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $85.00 to $92.00 in a research report on Friday, August 3rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Entergy has a consensus rating of “Buy” and a consensus price target of $88.79.

ETR opened at $84.12 on Friday. Entergy Co. has a 12-month low of $71.95 and a 12-month high of $87.95. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.42 and a current ratio of 0.57. The firm has a market cap of $14.94 billion, a PE ratio of 13.63, a PEG ratio of 1.79 and a beta of 0.49.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.48. Entergy had a return on equity of 13.45% and a net margin of 2.73%. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the company earned $3.11 EPS. On average, equities analysts expect that Entergy Co. will post 6.58 EPS for the current year.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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