Bank of Stockton Acquires 150 Shares of Entergy Co. (NYSE:ETR)

Bank of Stockton boosted its holdings in Entergy Co. (NYSE:ETR) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,998 shares of the utilities provider’s stock after acquiring an additional 150 shares during the quarter. Bank of Stockton’s holdings in Entergy were worth $526,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ETR. Bank & Trust Co lifted its stake in Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 90 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Entergy by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after buying an additional 92 shares during the period. Alliance Wealth Advisors LLC lifted its position in shares of Entergy by 3.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock valued at $341,000 after buying an additional 92 shares during the last quarter. Marino Stram & Associates LLC grew its stake in shares of Entergy by 1.6% during the 3rd quarter. Marino Stram & Associates LLC now owns 5,986 shares of the utilities provider’s stock worth $788,000 after acquiring an additional 95 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in Entergy by 5.4% in the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,858 shares of the utilities provider’s stock worth $245,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, CEO Andrew S. Marsh sold 19,200 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.35, for a total value of $2,310,720.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,140,475.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Andrew S. Marsh sold 19,200 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,140,475.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the transaction, the chief operating officer now directly owns 37,888 shares in the company, valued at approximately $4,363,182.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,810 shares of company stock valued at $6,140,626. Insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ETR. UBS Group upped their price objective on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. KeyCorp raised their price objective on shares of Entergy from $140.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Finally, BMO Capital Markets lifted their price target on Entergy from $131.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.19.

Entergy Price Performance

Shares of NYSE:ETR traded up $0.40 on Friday, hitting $137.87. The company’s stock had a trading volume of 253,665 shares, compared to its average volume of 1,548,068. The company has a market capitalization of $29.48 billion, a PE ratio of 16.44, a PEG ratio of 2.55 and a beta of 0.74. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The company has a 50-day simple moving average of $126.75 and a 200 day simple moving average of $115.48. Entergy Co. has a 1 year low of $90.78 and a 1 year high of $138.24.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm posted $1.84 earnings per share. Sell-side analysts forecast that Entergy Co. will post 7.22 EPS for the current fiscal year.

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.