Horrell Capital Management Inc. grew its position in Entergy Co. (NYSE:ETR) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 31,020 shares of the utilities provider’s stock after buying an additional 114 shares during the period. Entergy makes up approximately 1.8% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 23rd largest position. Horrell Capital Management Inc.’s holdings in Entergy were worth $3,716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ETR. Cambridge Investment Research Advisors Inc. boosted its position 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 valued at $1,787,000 after purchasing an additional 447 shares during the period. Bluescape Energy Partners LLC boosted its position in Entergy by 78.6% during the 3rd quarter. Bluescape Energy Partners LLC now owns 454,083 shares of the utilities provider’s stock valued at $53,291,000 after purchasing an additional 199,776 shares during the period. Neo Ivy Capital Management acquired a new position in Entergy during the 3rd quarter valued at approximately $85,000. Voya Investment Management LLC boosted its position in Entergy by 1.7% during the 3rd quarter. Voya Investment Management LLC now owns 886,853 shares of the utilities provider’s stock valued at $104,082,000 after purchasing an additional 14,445 shares during the period. Finally, Invesco Ltd. boosted its position in Entergy by 6.2% during the 2nd quarter. Invesco Ltd. now owns 9,569,197 shares of the utilities provider’s stock valued at $984,957,000 after purchasing an additional 556,948 shares during the period. Institutional investors and hedge funds own 86.12% of the company’s stock.

ETR stock traded down $0.86 during trading on Tuesday, reaching $120.66. 222,268 shares of the company’s stock were exchanged, compared to its average volume of 1,286,024. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.69. Entergy Co. has a 1-year low of $83.24 and a 1-year high of $122.18. The company’s fifty day moving average price is $118.61 and its 200-day moving average price is $113.71. The firm has a market cap of $24.01 billion, a PE ratio of 16.51, a P/E/G ratio of 3.09 and a beta of 0.27.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $2.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.23. Entergy had a return on equity of 11.13% and a net margin of 7.38%. The company had revenue of $36.72 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the firm posted $3.77 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Entergy Co. will post 5.32 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on ETR shares. ValuEngine lowered Entergy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group lowered Entergy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $115.00 to $126.00 in a research report on Thursday, October 31st. Bank of America boosted their price objective on Entergy from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Morgan Stanley reduced their price objective on Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Entergy from $116.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Entergy presently has a consensus rating of “Buy” and a consensus price target of $116.82.

Entergy Company 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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