Entergy Corporation (NYSE:ETR) Holdings Boosted by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 85.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,381 shares of the utilities provider's stock after purchasing an additional 4,798 shares during the period. Foundations Investment Advisors LLC's holdings in Entergy were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new stake in shares of Entergy in the third quarter valued at about $27,000. Cetera Trust Company N.A acquired a new position in Entergy during the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC boosted its holdings in Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock worth $29,000 after acquiring an additional 178 shares during the period. IFS Advisors LLC acquired a new stake in Entergy in the fourth quarter valued at approximately $30,000. Finally, Ulland Investment Advisors LLC raised its stake in shares of Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 200 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Entergy news, insider Eliecer Viamontes sold 400 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total value of $29,400.00. Following the sale, the insider now directly owns 8,346 shares in the company, valued at approximately $613,431. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Deanna D. Rodriguez sold 6,088 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares of the company's stock, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,756 shares of company stock valued at $1,095,637 over the last three months. Company insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ETR. Scotiabank lowered their price target on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a report on Tuesday, January 7th. Barclays lifted their target price on Entergy from $68.50 to $76.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. UBS Group lifted their price objective on Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. KeyCorp cut Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Finally, Mizuho lifted their price target on shares of Entergy from $69.00 to $82.50 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $79.81.

Entergy Stock Performance

ETR traded up $1.96 on Thursday, hitting $81.20. 3,595,332 shares of the company's stock were exchanged, compared to its average volume of 3,946,919. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The stock has a fifty day moving average of $77.01 and a two-hundred day moving average of $68.42. Entergy Corporation has a twelve month low of $48.08 and a twelve month high of $84.26. The firm has a market cap of $34.82 billion, a PE ratio of 19.78, a P/E/G ratio of 2.54 and a beta of 0.71.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.04. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter last year, the business posted $1.64 EPS. On average, research analysts anticipate that Entergy Corporation will post 3.59 earnings per share 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.