Coston McIsaac & Partners Boosts Stake in Entergy Corporation (NYSE:ETR)

Coston McIsaac & Partners raised its holdings in Entergy Corporation (NYSE:ETR) by 101.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,408 shares of the utilities provider’s stock after acquiring an additional 710 shares during the quarter. Coston McIsaac & Partners’ holdings in Entergy were worth $106,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ETR. Baron Wealth Management LLC bought a new position in shares of Entergy in the fourth quarter worth approximately $206,000. Foster & Motley Inc. grew its stake in Entergy by 78.0% in the 4th quarter. Foster & Motley Inc. now owns 16,157 shares of the utilities provider’s stock worth $1,225,000 after buying an additional 7,082 shares in the last quarter. Plimoth Trust Co. LLC increased its holdings in shares of Entergy by 95.1% in the 4th quarter. Plimoth Trust Co. LLC now owns 11,090 shares of the utilities provider’s stock worth $841,000 after buying an additional 5,405 shares during the last quarter. Field & Main Bank raised its position in shares of Entergy by 100.0% during the 4th quarter. Field & Main Bank now owns 500 shares of the utilities provider’s stock valued at $38,000 after buying an additional 250 shares in the last quarter. Finally, Forsta AP Fonden lifted its holdings in shares of Entergy by 95.0% during the 4th quarter. Forsta AP Fonden now owns 175,500 shares of the utilities provider’s stock worth $13,306,000 after acquiring an additional 85,500 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

ETR stock opened at $79.43 on Thursday. The stock has a market capitalization of $34.06 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.54 and a beta of 0.71. The firm’s 50-day moving average price is $76.93 and its two-hundred day moving average price is $68.34. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. Entergy Corporation has a 12-month low of $48.08 and a 12-month high of $84.26.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.04. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period last year, the firm earned $1.64 earnings per share. As a group, equities analysts predict that Entergy Corporation will post 3.59 earnings per share for the current year.

Insider Transactions at Entergy

In other news, insider Eliecer Viamontes sold 400 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total value of $29,400.00. Following the completion of the sale, the insider now directly owns 8,346 shares of the company’s stock, valued at approximately $613,431. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total transaction of $616,090.02. Following the transaction, the insider now owns 4,032 shares in the company, valued at $300,444.48. This represents a 67.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,756 shares of company stock worth $1,095,637. 0.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ETR shares. Royal Bank of Canada raised their price target on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. BMO Capital Markets decreased their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a report on Monday, November 18th. Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday. Finally, Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $58.00 to $75.00 in a report on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $79.81.

About Entergy

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.