Nisa Investment Advisors LLC Increases Holdings in Entergy Co. (NYSE:ETR)


Nisa Investment Advisors LLC lifted its position in Entergy Co. (NYSE:ETR – Get Rating) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,335 shares of the utilities provider’s stock after purchasing an additional 1,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Entergy were worth $1,907,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ETR. Capital International Investors grew its holdings in Entergy by 17.1% during the fourth quarter. Capital International Investors now owns 12,028,310 shares of the utilities provider’s stock worth $1,354,989,000 after acquiring an additional 1,758,132 shares during the period. Bank of America Corp DE grew its holdings in Entergy by 17.2% during the fourth quarter. Bank of America Corp DE now owns 9,152,114 shares of the utilities provider’s stock worth $1,030,986,000 after acquiring an additional 1,343,409 shares during the period. BlackRock Inc. Its holdings in Entergy grew by 7.2% during the fourth quarter. BlackRock Inc. now owns 16,965,355 shares of the utilities provider’s stock worth $1,911,147,000 after acquiring an additional 1,143,571 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Entergy by 47.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,987,634 shares of the utilities provider’s stock worth $223,906,000 after acquiring an additional 644,066 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Entergy by 24.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,860,348 shares of the utilities provider’s stock worth $209,530,000 after acquiring an additional 365,708 shares during the period. 88.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Paul D. Hinnenkamp sold 6,500 shares of Entergy stock in a transaction that occurred on Friday, May 27th. The stock sold at an average price of $120.94, for a total transaction of $786,110.00. Following the transaction, the chief operating officer now owns 26,102 shares in the company, valued at $3,156,775.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Paul D. Hinnenkamp sold 6,500 shares of Entergy stock in a transaction that occurred on Friday, May 27th. The stock sold at an average price of $120.94, for a total transaction of $786,110.00. Following the transaction, the chief operating officer now owns 26,102 shares in the company, valued at $3,156,775.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Deanna D. Rodriguez sold 256 shares of Entergy stock in a transaction that occurred on Friday, April 29th. The stock sold at an average price of $120.22, for a total value of $30,776.32. Following the transaction, the insider now owns 3,108 shares in the company, valued at approximately $373,643.76. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on ETR shares. Baader Bank set a $188.00 target price on Entergy in a report on Wednesday, May 18th. UBS Group set a $123.00 price objective on Entergy in a report on Monday, June 20th. Sanford C. Bernstein set a $100.00 price objective on Entergy and gave the company a “market perform” rating in a report on Tuesday, May 17th. Mizuho dropped their price objective on Entergy from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, June 29th. Finally, Morgan Stanley dropped their price objective on Entergy from $115.00 to $111.00 and set an “underweight” rating on the stock in a report on Monday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Entergy currently has a consensus rating of “Hold” and a consensus price target of $121.93.

Entergy Stock Performance

NYSE ETR opened at $107.96 on Friday. The company has a market cap of $21.96 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.58 and a beta of 0.60. The stock’s 50-day simple moving average is $113.24 and its 200-day simple moving average is $113.21. Entergy Co. has a 1-year low of $98.50 and a 1-year high of $126.82. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.72 and a quick ratio of 0.49.

Entergy (NYSE:ETR – Get Rating) last released its earnings results on Wednesday, April 27th. The utilities provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.06). The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Entergy had a net margin of 8.99% and a return on equity of 10.44%. During the same quarter last year, the business earned $1.47 EPS. As a group, equity research analysts anticipate that Entergy Co. will post 6.36 EPS for the current fiscal year.

About Entergy

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Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

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Institutional Ownership by Quarter for Enterprise (NYSE:ETR)



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