Flagship Harbor Advisors LLC Boosts Holdings in Entergy Corporation (NYSE:ETR)

Flagship Harbor Advisors LLC raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 74.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,959 shares of the utilities provider's stock after acquiring an additional 3,393 shares during the period. Flagship Harbor Advisors LLC's holdings in Entergy were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ETR. Toth Financial Advisory Corp lifted its position in Entergy by 100.6% during the 4th quarter. Toth Financial Advisory Corp now owns 999 shares of the utilities provider's stock worth $76,000 after acquiring an additional 501 shares during the period. CFS Investment Advisory Services LLC raised its position in Entergy by 106.4% during the fourth quarter. CFS Investment Advisory Services LLC now owns 4,554 shares of the utilities provider's stock worth $345,000 after acquiring an additional 2,348 shares during the last quarter. Lantz Financial LLC raised its holdings in shares of Entergy by 93.1% in the fourth quarter. Lantz Financial LLC now owns 29,893 shares of the utilities provider's stock worth $2,266,000 after acquiring an additional 14,412 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Entergy by 105.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,054 shares of the utilities provider's stock worth $232,000 after acquiring an additional 1,570 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in Entergy by 96.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 5,312 shares of the utilities provider's stock worth $403,000 after buying an additional 2,606 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

ETR has been the subject of several recent analyst reports. Morgan Stanley upgraded Entergy from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $58.00 to $75.00 in a research note on Monday, November 4th. Wells Fargo & Company boosted their price objective on Entergy from $68.50 to $85.00 and gave the company an "overweight" rating in a report on Friday, November 1st. UBS Group boosted their target price on shares of Entergy from $72.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Barclays lifted their price target on shares of Entergy from $68.50 to $76.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Finally, KeyCorp lowered shares of Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Five 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 stock. According to data from MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and an average target price of $79.81.

Insider Activity

In other Entergy news, insider Eliecer Viamontes sold 400 shares of Entergy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total transaction of $29,400.00. Following the completion of the sale, the insider now owns 8,346 shares of the company's stock, valued at approximately $613,431. The trade was a 4.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 8,268 shares of the business's stock in a transaction 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 in the company, valued at approximately $300,444.48. This represents a 67.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,756 shares of company stock worth $1,095,637. 0.39% of the stock is owned by corporate insiders.

Entergy Price Performance

Shares of ETR stock traded up $1.42 during trading hours on Thursday, hitting $80.66. The company had a trading volume of 1,326,299 shares, compared to its average volume of 3,824,425. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The firm has a market capitalization of $34.59 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.54 and a beta of 0.71. Entergy Corporation has a 12 month low of $48.08 and a 12 month high of $84.26. The firm's fifty day moving average is $77.01 and its 200 day moving average is $68.42.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping 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 company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the business posted $1.64 earnings per share. On average, sell-side analysts predict that Entergy Corporation will post 3.59 EPS for the current fiscal year.

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.