Foundations Investment Advisors LLC Increases Stock Holdings in Entergy Co. (NYSE:ETR)

Foundations Investment Advisors LLC lifted its stake in shares of Entergy Co. (NYSE:ETR) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,583 shares of the utilities provider’s stock after buying an additional 595 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Entergy were worth $735,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Iron Horse Wealth Management LLC acquired a new position in Entergy during the second quarter worth approximately $25,000. Heritage Wealth Advisors increased its holdings in shares of Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 239 shares during the period. American National Bank raised its position in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 134 shares during the last quarter. TruNorth Capital Management LLC acquired a new stake in Entergy during the 2nd quarter worth $32,000. Finally, Rothschild Investment LLC purchased a new position in Entergy during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. BMO Capital Markets lifted their target price on shares of Entergy from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Barclays lowered their price target on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Argus raised Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, KeyCorp raised their price target on Entergy from $140.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.19.

Entergy Trading Up 0.4 %

NYSE ETR opened at $137.46 on Friday. The company has a 50-day moving average of $126.75 and a 200-day moving average of $115.48. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. Entergy Co. has a 12 month low of $90.78 and a 12 month high of $137.70. The company has a market cap of $29.35 billion, a P/E ratio of 13.79, a P/E/G ratio of 2.46 and a beta of 0.74.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business posted $1.84 earnings per share. As a group, equities analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Insider Activity at Entergy

In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the completion of the sale, the chief operating officer now directly owns 37,888 shares in the company, valued at $4,363,182.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the sale, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eliecer Viamontes sold 5,166 shares of Entergy stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the transaction, the insider now owns 5,117 shares in the company, valued at $614,040. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,810 shares of company stock worth $6,140,626. 0.39% of the stock is owned by insiders.

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.