Thrivent Financial for Lutherans Raises Stake in Entergy Corporation $ETR

Thrivent Financial for Lutherans grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,095,921 shares of the utilities provider’s stock after acquiring an additional 175,886 shares during the quarter. Thrivent Financial for Lutherans owned 0.47% of Entergy worth $195,319,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. CWS Financial Advisors LLC raised its position in Entergy by 15.0% in the 3rd quarter. CWS Financial Advisors LLC now owns 6,319 shares of the utilities provider’s stock worth $589,000 after purchasing an additional 826 shares during the period. Keybank National Association OH increased its holdings in shares of Entergy by 4.7% in the third quarter. Keybank National Association OH now owns 6,387 shares of the utilities provider’s stock worth $595,000 after buying an additional 285 shares during the period. National Pension Service lifted its stake in shares of Entergy by 6.7% in the 3rd quarter. National Pension Service now owns 686,832 shares of the utilities provider’s stock valued at $64,006,000 after acquiring an additional 43,044 shares during the last quarter. Arizona State Retirement System boosted its holdings in Entergy by 3.9% during the 3rd quarter. Arizona State Retirement System now owns 131,519 shares of the utilities provider’s stock valued at $12,256,000 after acquiring an additional 4,962 shares during the period. Finally, Argent Advisors Inc. boosted its holdings in Entergy by 104.7% during the 3rd quarter. Argent Advisors Inc. now owns 5,298 shares of the utilities provider’s stock valued at $494,000 after acquiring an additional 2,710 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ETR. Wells Fargo & Company boosted their price objective on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Bank of America lifted their target price on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. BMO Capital Markets reissued an “outperform” rating and set a $104.00 price target (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Siebert Williams Shank started coverage on shares of Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price target on the stock. Finally, UBS Group restated a “buy” rating and issued a $105.00 price objective (up previously from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $104.83.

Entergy Stock Down 0.2%

Shares of NYSE ETR opened at $95.86 on Friday. The firm has a fifty day simple moving average of $93.95 and a two-hundred day simple moving average of $92.55. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $98.58. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $42.81 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.14 and a beta of 0.66.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.21. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the previous year, the company earned $2.99 earnings per share. Equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the transaction, the insider owned 7,899 shares in the company, valued at $762,253.50. This trade represents a 39.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the purchase, the director owned 1,050 shares of the company’s stock, valued at $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.39% of the company’s stock.

Entergy Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.