J.W. Cole Advisors Inc. Buys Shares of 12,553 Entergy Corporation (NYSE:ETR)

J.W. Cole Advisors Inc. bought a new stake in Entergy Corporation (NYSE:ETR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 12,553 shares of the utilities provider’s stock, valued at approximately $1,073,000.

Several other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its position in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares during the period. American Century Companies Inc. raised its position in shares of Entergy by 58.6% during the fourth quarter. American Century Companies Inc. now owns 239,358 shares of the utilities provider’s stock worth $18,148,000 after purchasing an additional 88,456 shares during the period. LPL Financial LLC raised its position in shares of Entergy by 77.1% during the fourth quarter. LPL Financial LLC now owns 820,057 shares of the utilities provider’s stock worth $62,177,000 after purchasing an additional 357,052 shares during the period. Corebridge Financial Inc. raised its position in shares of Entergy by 91.3% during the fourth quarter. Corebridge Financial Inc. now owns 101,520 shares of the utilities provider’s stock worth $7,697,000 after purchasing an additional 48,440 shares during the period. Finally, Prudential Financial Inc. raised its position in Entergy by 68.3% in the 4th quarter. Prudential Financial Inc. now owns 235,625 shares of the utilities provider’s stock valued at $17,865,000 after buying an additional 95,649 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley cut their price target on Entergy from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. KeyCorp lifted their price target on Entergy from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Barclays dropped their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. BMO Capital Markets boosted their target price on Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. boosted their target price on Entergy from $100.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and an average price target of $86.46.

Entergy Price Performance

NYSE:ETR opened at $88.08 on Thursday. The stock has a market capitalization of $37.94 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The stock’s 50-day moving average price is $82.71 and its 200-day moving average price is $82.59. Entergy Corporation has a 52 week low of $55.21 and a 52 week high of $89.35. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 11.43% and a net margin of 11.26%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. As a group, equities analysts expect that Entergy Corporation will post 3.88 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.