First Trust Direct Indexing L.P. Has $290,000 Stock Holdings in Entergy Co. (NYSE:ETR)

First Trust Direct Indexing L.P. decreased its position in Entergy Co. (NYSE:ETRFree Report) by 29.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,740 shares of the utilities provider’s stock after selling 1,134 shares during the period. First Trust Direct Indexing L.P.’s holdings in Entergy were worth $290,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ETR. Wealth Alliance increased its holdings in shares of Entergy by 1.2% in the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock worth $830,000 after acquiring an additional 101 shares in the last quarter. Marino Stram & Associates LLC lifted its stake in Entergy by 1.8% in the fourth quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock valued at $585,000 after buying an additional 102 shares in the last quarter. Prossimo Advisors LLC boosted its holdings in shares of Entergy by 2.5% in the fourth quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock valued at $457,000 after buying an additional 110 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of Entergy by 1.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock worth $674,000 after acquiring an additional 124 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Entergy by 2.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 5,550 shares of the utilities provider’s stock worth $562,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider Haley Fisackerly sold 1,500 shares of the company’s 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 completion of the sale, the insider now directly owns 2,479 shares in the company, valued at approximately $273,260.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the completion of the transaction, the insider now owns 2,479 shares of the company’s stock, valued at $273,260.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction dated 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 in the company, valued at $235,465.86. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of a number of research reports. Mizuho increased their target price on Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Barclays lifted their target price on Entergy from $107.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Wells Fargo & Company upped their price target on Entergy from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Morgan Stanley lowered their price objective on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a report on Monday, June 24th. Finally, BMO Capital Markets decreased their target price on shares of Entergy from $120.00 to $117.00 and set an “outperform” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.50.

Get Our Latest Analysis on Entergy

Entergy Stock Down 0.6 %

ETR stock opened at $104.75 on Tuesday. The business’s fifty day moving average price is $108.70 and its two-hundred day moving average price is $104.49. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.99 and a beta of 0.71. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week 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.

Entergy (NYSE:ETRGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The business had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. During the same period in the prior year, the business posted $1.14 earnings per share. Entergy’s revenue was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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