Entergy Corporation $ETR Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its position in shares of Entergy Corporation (NYSE:ETR) by 124.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,949 shares of the utilities provider’s stock after buying an additional 13,841 shares during the period. TD Waterhouse Canada Inc.’s holdings in Entergy were worth $2,335,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ETR. Mesirow Financial Investment Management Inc. lifted its stake in shares of Entergy by 3.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 116 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Entergy by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after buying an additional 118 shares during the period. CW Advisors LLC lifted its position in Entergy by 3.4% during the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after buying an additional 121 shares during the period. Virtus Investment Advisers LLC boosted its stake in Entergy by 6.2% in the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after buying an additional 124 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Entergy by 1.7% in the 3rd quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock valued at $679,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Down 0.2%

Shares of ETR opened at $95.86 on Friday. 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 has a market cap of $42.81 billion, a PE ratio of 23.67, a P/E/G ratio of 2.14 and a beta of 0.66. The stock’s 50-day moving average is $93.95 and its two-hundred day moving average is $92.55.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on ETR. JPMorgan Chase & Co. cut their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Argus set a $100.00 price target on shares of Entergy and gave the company a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Mizuho increased their target price on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, Evercore ISI boosted their price target on Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $104.83.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the sale, the insider owned 7,899 shares in the company, valued at $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This represents a 2,000.00% increase in their position. The SEC filing for this purchase provides additional information. 0.39% of the stock is owned by corporate insiders.

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.