Exchange Traded Concepts LLC Boosts Stock Holdings in Entergy Corporation (NYSE:ETR)

Exchange Traded Concepts LLC increased its position in Entergy Corporation (NYSE:ETR - Free Report) by 97.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,499 shares of the utilities provider's stock after buying an additional 8,131 shares during the quarter. Exchange Traded Concepts LLC's holdings in Entergy were worth $1,251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ETR. OneDigital Investment Advisors LLC grew its position in Entergy by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock valued at $451,000 after buying an additional 69 shares during the period. Acropolis Investment Management LLC boosted its stake in shares of Entergy by 0.8% in the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider's stock worth $1,163,000 after acquiring an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider's stock worth $1,065,000 after acquiring an additional 74 shares during the last quarter. Bank & Trust Co lifted its stake in shares of Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider's stock worth $105,000 after buying an additional 90 shares in the last quarter. Finally, Prossimo Advisors LLC increased its holdings in shares of Entergy by 1.5% in the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider's stock valued at $786,000 after purchasing an additional 90 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Entergy from $72.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Mizuho raised their target price on Entergy from $69.00 to $82.50 and gave the company an "outperform" rating in a report on Monday, November 4th. Scotiabank reduced their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 7th. BMO Capital Markets lowered their price target on shares of Entergy from $83.00 to $79.50 and set an "outperform" rating for the company in a report on Monday, November 18th. Finally, Royal Bank of Canada lifted their price target on Entergy from $68.50 to $70.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus target price of $79.81.

Entergy Price Performance

Shares of Entergy stock traded up $1.74 during trading on Thursday, reaching $80.98. The company's stock had a trading volume of 1,224,343 shares, compared to its average volume of 3,815,684. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. Entergy Corporation has a 12-month low of $48.08 and a 12-month high of $84.26. The company has a market capitalization of $34.72 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.54 and a beta of 0.71. The business has a 50 day moving average price of $77.01 and a 200-day moving average price of $68.42.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.46 by $0.04. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The firm had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.46 billion. During the same quarter last year, the business earned $1.64 earnings per share. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.59 EPS for the current year.

Insider Activity at Entergy

In other Entergy news, 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 value of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Haley Fisackerly sold 8,268 shares of Entergy stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total transaction of $616,090.02. Following the completion of the sale, the insider now directly owns 4,032 shares of the company's stock, valued at $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,756 shares of company stock valued at $1,095,637 in the last ninety days. Corporate insiders own 0.39% of the company's stock.

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.