Entergy Corporation $ETR Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,397 shares of the utilities provider’s stock after buying an additional 118 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Entergy were worth $3,377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ETR. TD Asset Management Inc lifted its position in Entergy by 964.8% during the first quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider’s stock valued at $261,232,000 after buying an additional 2,768,734 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Entergy by 5.2% during the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock valued at $4,687,331,000 after purchasing an additional 2,695,348 shares during the period. Alkeon Capital Management LLC purchased a new stake in shares of Entergy during the first quarter valued at approximately $194,429,000. Nuveen LLC purchased a new stake in shares of Entergy during the first quarter valued at approximately $123,648,000. Finally, Zimmer Partners LP raised its stake in shares of Entergy by 285.5% during the first quarter. Zimmer Partners LP now owns 1,133,474 shares of the utilities provider’s stock valued at $96,901,000 after purchasing an additional 839,474 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ETR shares. KeyCorp reiterated an “overweight” rating and set a $106.00 price objective (up previously from $96.00) on shares of Entergy in a research note on Wednesday, October 15th. Bank of America lifted their price objective on shares of Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Evercore ISI set a $98.00 price objective on shares of Entergy and gave the company an “in-line” rating in a research note on Monday, October 6th. BMO Capital Markets restated an “outperform” rating and issued a $104.00 price target (up previously from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Finally, Scotiabank set a $105.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average target price of $99.00.

Entergy Stock Up 1.0%

Shares of NYSE:ETR opened at $96.62 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The company has a fifty day simple moving average of $91.61 and a 200 day simple moving average of $86.65. The firm has a market cap of $43.13 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 2.43 and a beta of 0.62. Entergy Corporation has a 12-month low of $66.85 and a 12-month high of $98.58.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The business had revenue of $2.37 billion during the quarter. On average, equities research analysts anticipate 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.