Entergy Corporation $ETR Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its stake in Entergy Corporation (NYSE:ETR) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,652 shares of the utilities provider’s stock after purchasing an additional 7,944 shares during the period. Entergy accounts for about 0.8% of Knights of Columbus Asset Advisors LLC’s holdings, making the stock its 21st biggest position. Knights of Columbus Asset Advisors LLC’s holdings in Entergy were worth $14,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its holdings in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares during the last quarter. Woodline Partners LP raised its position in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after purchasing an additional 10,476 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Entergy by 10.3% during the 2nd quarter. V Square Quantitative Management LLC now owns 4,553 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 426 shares during the period. HB Wealth Management LLC increased its stake in Entergy by 15.2% in the second quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock valued at $1,851,000 after purchasing an additional 2,932 shares during the period. Finally, USA Financial Formulas raised its holdings in shares of Entergy by 1.6% in the second quarter. USA Financial Formulas now owns 17,353 shares of the utilities provider’s stock valued at $1,442,000 after buying an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 5,136 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the transaction, the insider directly owned 7,899 shares in the company, valued at approximately $762,253.50. This represents a 39.40% decrease in their ownership of the stock. 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 stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $96.69 per share, with a total value of $96,690.00. Following the completion of the purchase, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.39% of the stock is owned by corporate insiders.

Entergy Stock Performance

Entergy stock opened at $95.93 on Friday. The company has a market cap of $42.84 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $98.58. The stock’s 50-day moving average is $93.91 and its 200-day moving average is $92.40.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the firm posted $2.99 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $112.00 target price on shares of Entergy in a research report on Friday, January 23rd. UBS Group restated a “buy” rating and issued a $105.00 price target (up previously from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Morgan Stanley reissued an “underperform” rating on shares of Entergy in a research note on Wednesday, January 21st. Bank of America increased their target price on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, Wells Fargo & Company boosted their price target on Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.83.

Entergy Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.