Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Entergy Co. (NYSE:ETR) by 16.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 11,936 shares of the utilities provider’s stock after buying an additional 1,646 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Entergy were worth $1,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Coastal Investment Advisors Inc. lifted its holdings in Entergy by 142.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,125 shares of the utilities provider’s stock worth $219,000 after buying an additional 1,247 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Entergy by 2.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 17,362 shares of the utilities provider’s stock worth $1,787,000 after buying an additional 447 shares during the last quarter. Lantz Financial LLC lifted its holdings in Entergy by 1.8% during the 2nd quarter. Lantz Financial LLC now owns 13,480 shares of the utilities provider’s stock worth $1,398,000 after buying an additional 239 shares during the last quarter. Invesco Ltd. lifted its holdings in Entergy by 6.2% during the 2nd quarter. Invesco Ltd. now owns 9,569,197 shares of the utilities provider’s stock worth $984,957,000 after buying an additional 556,948 shares during the last quarter. Finally, 6 Meridian lifted its holdings in Entergy by 1.9% during the 2nd quarter. 6 Meridian now owns 5,606 shares of the utilities provider’s stock worth $577,000 after buying an additional 104 shares during the last quarter. 86.33% of the stock is currently owned by institutional investors.

In related news, Chairman Leo P. Denault sold 24,211 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $110.00, for a total value of $2,663,210.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP A. Christopher Bakken III sold 6,750 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.00, for a total value of $729,000.00. Following the completion of the sale, the executive vice president now owns 32,628 shares in the company, valued at $3,523,824. The disclosure for this sale can be found here. In the last three months, insiders sold 59,156 shares of company stock worth $6,188,830. Company insiders own 0.27% of the company’s stock.

Shares of NYSE ETR traded up $0.87 during mid-day trading on Friday, hitting $118.15. The company had a trading volume of 1,484,760 shares, compared to its average volume of 1,399,793. The stock has a market cap of $23.32 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 3.18 and a beta of 0.29. Entergy Co. has a 12 month low of $81.02 and a 12 month high of $119.17. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.73 and a quick ratio of 0.52. The firm’s 50 day simple moving average is $115.62 and its two-hundred day simple moving average is $104.71.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.03). The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a return on equity of 13.75% and a net margin of 8.97%. During the same period last year, the business posted $1.42 EPS. Equities analysts forecast that Entergy Co. will post 5.27 earnings per share for the current year.

A number of research firms have commented on ETR. Morgan Stanley increased their target price on Entergy from $112.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. UBS Group set a $115.00 target price on Entergy and gave the stock a “buy” rating in a report on Monday, July 15th. ValuEngine downgraded Entergy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup raised their price target on Entergy from $109.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their price target on Entergy from $116.00 to $129.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Entergy presently has a consensus rating of “Buy” and an average target price of $109.89.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, 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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