Entergy Co. (NYSE:ETR) Shares Purchased by TIAA Trust National Association

TIAA Trust National Association boosted its holdings in Entergy Co. (NYSE:ETR) by 3.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,774 shares of the utilities provider’s stock after purchasing an additional 6,513 shares during the quarter. TIAA Trust National Association owned about 0.10% of Entergy worth $23,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tidemark LLC purchased a new stake in Entergy in the fourth quarter valued at approximately $25,000. Heritage Wealth Advisors raised its stake in shares of Entergy by 2,172.7% during the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Entergy during the fourth quarter worth approximately $35,000. CVA Family Office LLC purchased a new stake in shares of Entergy during the fourth quarter worth approximately $41,000. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Entergy by 40.0% during the first quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction on Monday, May 6th. The stock was 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 of the company’s stock, valued at $235,465.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the sale, the insider now owns 2,479 shares of the company’s stock, valued at $273,260.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value of $1,003,284.59. Following the sale, 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.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. LADENBURG THALM/SH SH restated a “neutral” rating and set a $109.50 price target (down previously from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Barclays upped their price target on Entergy from $107.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Mizuho increased their price objective on Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. BMO Capital Markets cut their price objective on Entergy from $120.00 to $117.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Finally, Morgan Stanley cut their price objective on Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a research report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average target price of $113.50.

Entergy Price Performance

Entergy stock traded down $0.25 during trading hours on Friday, hitting $110.48. The stock had a trading volume of 1,012,181 shares, compared to its average volume of 1,421,137. 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 $23.59 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 2.09 and a beta of 0.71. Entergy Co. has a 1-year low of $87.10 and a 1-year high of $114.28. The stock’s fifty day moving average is $108.56 and its two-hundred day moving average is $104.94.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). The firm had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. As a group, analysts predict that Entergy Co. will post 7.22 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.