Stratos Wealth Partners LTD. Increases its stake in Entergy Co. (NYSE:ETR)


Stratos Wealth Partners LTD. increased its equity stake in Entergy Co. (NYSE: ETRGet a rating) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund held 4,009 shares of the utility provider after buying an additional 176 shares during the period. The holdings of Stratos Wealth Partners LTD. in Entergy were worth $468,000 at the end of last quarter.

Other hedge funds and other institutional investors have also increased or reduced their stakes in the company. CNB Bank acquired a new stake in Entergy during the first quarter valued at approximately $27,000. Sandy Cove Advisors LLC bought a new stake in Entergy stock in the fourth quarter worth $29,000. Riverview Trust Co bought a new equity stake in Entergy in the first quarter worth $32,000. Missouri Trust & Investment Co bought a new equity stake in Entergy in the fourth quarter worth $33,000. Finally, Denali Advisors LLC increased its stake in Entergy shares by 50.0% in the fourth quarter. Denali Advisors LLC now owns 300 shares of the utility provider worth $34,000 after buying 100 more shares in the last quarter. 88.94% of the shares are held by hedge funds and other institutional investors.

Changes to analyst ratings

A number of brokerages have recently released reports on ETR. Baader Bank set a price target of $188.00 on Entergy shares in a Wednesday, May 18 research note. Goldman Sachs Group set a price target of $224.00 on Entergy shares in a Monday, May 16 research note. Barclays set a price target of $42.00 on Entergy shares in a Monday May 16 research note. Hauck Aufhäuser In… set a price target of $28.00 on Entergy shares in a Wednesday, May 18 research note. Finally, Warburg Research set a target price of $177.00 on Entergy shares in a Monday, May 16 research report. One research analyst has assigned the stock a sell rating, four have assigned a hold rating and four have assigned the stock a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $121.93.

Price performance of Entergy

ETR Stock opened at $110.12 on Friday. Entergy Co. has a 52-week low of $98.50 and a 52-week high of $126.82. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt ratio of 2.24. The company has a fifty-day simple moving average of $113.91 and a two-hundred-day simple moving average of $113.31. The company has a market capitalization of $22.40 billion, a P/E ratio of 21.02, a price-to-earnings growth ratio of 2.57 and a beta of 0.60.

Entergy (NYSE: ETRGet a rating) last released its quarterly earnings data on Wednesday, April 27. The utility provider reported EPS of $1.32 for the quarter, missing the consensus estimate of $1.38 per ($0.06). Entergy had a net margin of 8.99% and a return on equity of 10.44%. The company posted revenue of $2.88 billion for the quarter, versus a consensus estimate of $2.90 billion. In the same quarter last year, the company achieved EPS of $1.47. Analysts expect Entergy Co. to post earnings per share of 6.36 for the current fiscal year.

Insider buying and selling at Entergy

In other news, please Peter S. Norgeot, Jr. sold 4,068 shares of the company in a trade dated Wednesday, April 20. The shares were sold at an average price of $125.62, for a total value of $511,022.16. Following the completion of the sale, the senior vice president now owns 25,355 shares of the company, valued at approximately $3,185,095.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. Separately, SVP Peter S. Norgeot, Jr. sold 4,068 shares of the company in a trade dated Wednesday, April 20. The shares were sold at an average price of $125.62, for a total value of $511,022.16. Following the completion of the sale, the senior vice president now owns 25,355 shares of the company, valued at approximately $3,185,095.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. Also, insider Deanna D. Rodriguez sold 256 shares of the company in a transaction dated Friday, April 29. The stock was sold at an average price of $120.22, for a total transaction of $30,776.32. Following the completion of the sale, the insider now owns 3,108 shares of the company, valued at approximately $373,643.76. Disclosure of this sale can be found here. Insiders sold 10,824 shares of the company worth $1,327,908 in the past 90 days. 0.37% of the shares are held by insiders.

About Entergy

(Get a rating)

Entergy Corporation, together with its subsidiaries, is engaged in the generation and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utilities segment generates, transmits, distributes and sells electricity in parts of Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans; and distributes natural gas.

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Institutional ownership by quarter for Entergy (NYSE:ETR)



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