Barclays PLC Has $70.78 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

Barclays PLC cut its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 30.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 537,826 shares of the utilities provider's stock after selling 235,769 shares during the quarter. Barclays PLC owned about 0.13% of Entergy worth $70,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of Entergy during the 3rd quarter worth about $27,000. Cetera Trust Company N.A purchased a new position in Entergy in the third quarter valued at approximately $29,000. Fortitude Family Office LLC raised its holdings in Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock worth $29,000 after purchasing an additional 178 shares in the last quarter. Coastline Trust Co acquired a new position in shares of Entergy in the 3rd quarter valued at $31,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Entergy in the 2nd quarter valued at $42,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 2.5 %

Entergy stock traded up $1.96 during midday trading on Thursday, hitting $81.20. 3,594,858 shares of the stock were exchanged, compared to its average volume of 3,946,917. Entergy Corporation has a 1 year low of $48.08 and a 1 year high of $84.26. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The firm has a market cap of $34.82 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.54 and a beta of 0.71. The company has a 50 day moving average price of $77.01 and a two-hundred day moving average price of $68.42.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.46 by $0.04. The company had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the prior year, the business posted $1.64 EPS. On average, sell-side analysts predict that Entergy Corporation will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ETR. Barclays lifted their target price on shares of Entergy from $68.50 to $76.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Morgan Stanley raised Entergy from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $58.00 to $75.00 in a report on Monday, November 4th. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research note on Thursday. UBS Group boosted their target price on Entergy from $72.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Finally, Guggenheim increased their price target on Entergy from $72.50 to $82.50 and gave the stock a "buy" rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Entergy currently has an average rating of "Moderate Buy" and an average target price of $79.81.

Insiders Place Their Bets

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the transaction, the insider now directly owns 3,952 shares of the company's stock, valued at $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the completion of the sale, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,756 shares of company stock valued at $1,095,637 over the last 90 days. 0.39% of the stock is owned by company insiders.

Entergy Profile

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.