Union Bancaire Privee UBP SA Makes New $1.59 Million Investment in Entergy Corporation (NYSE:ETR)

Union Bancaire Privee UBP SA purchased a new stake in Entergy Corporation (NYSE:ETR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 22,168 shares of the utilities provider's stock, valued at approximately $1,591,000.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in Entergy during the third quarter valued at approximately $27,000. Fortitude Family Office LLC raised its holdings in Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock valued at $29,000 after buying an additional 178 shares during the period. Cetera Trust Company N.A bought a new stake in Entergy in the third quarter worth $29,000. Coastline Trust Co bought a new position in Entergy during the third quarter valued at $31,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Entergy during the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Activity at Entergy

In other Entergy news, insider Eliecer Viamontes sold 400 shares of the 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 completion of the sale, the insider now owns 8,346 shares in the company, valued at approximately $613,431. This represents 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 firm's 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 transaction, the insider now directly owns 4,032 shares in the company, valued at $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,756 shares of company stock worth $1,095,637. 0.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on ETR. Morgan Stanley upgraded Entergy from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $58.00 to $75.00 in a report on Monday, November 4th. Scotiabank decreased 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. LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a report on Thursday. Barclays boosted 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, Mizuho lifted their price objective on shares of Entergy from $69.00 to $82.50 and gave the company an "outperform" rating in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and an average target price of $79.81.

Entergy Stock Performance

NYSE ETR traded up $2.09 on Thursday, hitting $81.33. 1,926,387 shares of the company's stock traded hands, compared to its average volume of 3,855,984. The firm's 50-day moving average price is $77.01 and its two-hundred day moving average price is $68.42. The firm has a market capitalization of $34.87 billion, a PE ratio of 19.80, a P/E/G ratio of 2.54 and a beta of 0.71. Entergy Corporation has a 1-year low of $48.08 and a 1-year high of $84.26. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.46 by $0.04. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. As a group, analysts expect that Entergy Corporation will post 3.59 EPS for the current 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.