13,689 Entergy Corporation $ETR Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC reduced its holdings in Entergy Corporation (NYSE:ETR) by 16.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,253 shares of the utilities provider’s stock after selling 13,689 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Entergy were worth $6,676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Entergy in the 2nd quarter worth about $4,861,376,000. Bank of America Corp DE grew its holdings in Entergy by 5.3% in the 1st quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after buying an additional 870,847 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Entergy in the 2nd quarter valued at about $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Entergy by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider’s stock valued at $452,681,000 after buying an additional 161,411 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of Entergy during the 2nd quarter valued at about $430,404,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ETR has been the topic of several recent analyst reports. Mizuho cut their price objective on shares of Entergy from $122.00 to $121.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. BTIG Research decreased their target price on shares of Entergy from $126.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. HSBC began coverage on shares of Entergy in a report on Thursday, October 22nd. They issued a “buy” rating and a $123.50 target price for the company. Jefferies Financial Group dropped their price target on shares of Entergy from $133.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Finally, Scotiabank dropped their price target on shares of Entergy from $129.00 to $121.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. Twenty research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.25.

Entergy Price Performance

Shares of Entergy stock opened at $109.99 on Friday. Entergy Corporation has a twelve month low of $90.87 and a twelve month high of $118.44. The stock has a market capitalization of $51.33 billion, a P/E ratio of 28.20, a PEG ratio of 2.41 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The business’s fifty day moving average price is $104.31 and its 200 day moving average price is $107.22.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%. During the same quarter in the previous year, the business earned $1.05 earnings per share. As a group, research analysts anticipate that Entergy Corporation will post 4.40 earnings per share for the current year.

Insider Transactions at Entergy

In other news, insider Laura R. Landreaux sold 5,600 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the sale, the insider owned 22,589 shares in the company, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.21% of the company’s stock.

Entergy Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.