CANADA LIFE ASSURANCE Co Acquires 1,660 Shares of Entergy Co. (NYSE:ETR)

CANADA LIFE ASSURANCE Co increased its holdings in Entergy Co. (NYSE:ETR) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,009 shares of the utilities provider’s stock after purchasing an additional 1,660 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Entergy were worth $9,837,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ETR. Tidemark LLC bought a new stake in shares of Entergy in the fourth quarter worth $25,000. Heritage Wealth Advisors lifted its holdings in Entergy by 2,172.7% in the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares during the period. OLD Point Trust & Financial Services N A acquired a new position in Entergy in the fourth quarter valued at $35,000. CVA Family Office LLC acquired a new position in Entergy in the fourth quarter valued at $41,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in Entergy by 40.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock valued at $41,000 after buying an additional 110 shares during the period. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Mizuho upped their target price on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, May 31st. BMO Capital Markets reduced their price objective on shares of Entergy from $120.00 to $117.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and issued a $109.50 price objective (down from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. Wells Fargo & Company upped their price objective on shares of Entergy from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Finally, Barclays reduced their price objective on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $113.42.

Insider Activity

In other news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the sale, the chief accounting officer now owns 2,166 shares in the company, valued at approximately $235,465.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the transaction, the insider now owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the transaction, the chief accounting officer now directly owns 2,166 shares in the company, valued at approximately $235,465.86. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Entergy Stock Performance

NYSE ETR opened at $111.42 on Friday. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $114.28. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. The stock has a market capitalization of $23.79 billion, a PE ratio of 11.18, a P/E/G ratio of 2.12 and a beta of 0.71. The company’s 50 day simple moving average is $108.47 and its two-hundred day simple moving average is $105.14.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The firm had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts predict that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

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.