Forsta AP Fonden Raises Holdings in Entergy Corporation (NYSE:ETR)

Forsta AP Fonden grew its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 95.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,500 shares of the utilities provider's stock after buying an additional 85,500 shares during the period. Forsta AP Fonden's holdings in Entergy were worth $13,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy in the 3rd quarter valued at about $27,000. Cetera Trust Company N.A bought a new position in shares of Entergy in the third quarter worth approximately $29,000. Fortitude Family Office LLC raised its stake in Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 178 shares in the last quarter. IFS Advisors LLC bought a new stake in Entergy during the fourth quarter valued at approximately $30,000. Finally, Ulland Investment Advisors LLC grew its stake in Entergy by 100.0% in the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider's stock worth $30,000 after buying an additional 200 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research firms have recently weighed in on ETR. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Morgan Stanley upgraded Entergy from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Scotiabank cut their price objective on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a report on Tuesday, January 7th. UBS Group increased their price objective on Entergy from $72.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their target price on Entergy from $68.50 to $85.00 and gave the stock an "overweight" rating in a research 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and a consensus target price of $79.81.

Entergy Trading Up 2.2 %

Shares of Entergy stock traded up $1.74 during trading on Thursday, reaching $80.98. 1,224,343 shares of the stock were exchanged, compared to its average volume of 3,815,684. Entergy Corporation has a 1 year low of $48.08 and a 1 year high of $84.26. The firm has a market cap of $34.72 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 2.54 and a beta of 0.71. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The stock's fifty day moving average is $77.01 and its 200 day moving average is $68.42.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.04. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period last year, the company earned $1.64 EPS. As a group, equities research analysts expect 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.