Thrivent Financial for Lutherans Grows Stock Holdings in Entergy Corporation $ETR

Thrivent Financial for Lutherans increased its stake in Entergy Corporation (NYSE:ETR) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,095,921 shares of the utilities provider’s stock after buying an additional 175,886 shares during the period. Thrivent Financial for Lutherans’ holdings in Entergy were worth $195,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWS Financial Advisors LLC raised its stake in Entergy by 15.0% during the third quarter. CWS Financial Advisors LLC now owns 6,319 shares of the utilities provider’s stock valued at $589,000 after buying an additional 826 shares during the last quarter. Keybank National Association OH grew its stake in shares of Entergy by 4.7% in the third quarter. Keybank National Association OH now owns 6,387 shares of the utilities provider’s stock worth $595,000 after acquiring an additional 285 shares during the last quarter. National Pension Service increased its holdings in shares of Entergy by 6.7% during the third quarter. National Pension Service now owns 686,832 shares of the utilities provider’s stock valued at $64,006,000 after acquiring an additional 43,044 shares in the last quarter. Arizona State Retirement System raised its position in shares of Entergy by 3.9% in the 3rd quarter. Arizona State Retirement System now owns 131,519 shares of the utilities provider’s stock worth $12,256,000 after purchasing an additional 4,962 shares during the last quarter. Finally, Argent Advisors Inc. boosted its stake in Entergy by 104.7% in the 3rd quarter. Argent Advisors Inc. now owns 5,298 shares of the utilities provider’s stock worth $494,000 after purchasing an additional 2,710 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the transaction, the insider owned 10,122 shares in the company, valued at $975,659.58. This trade represents a 33.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction 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 directly owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. The trade was a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.39% of the company’s stock.

Entergy Trading Down 0.2%

Entergy stock opened at $95.86 on Friday. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $98.58. The company has a market cap of $42.81 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.14 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The business has a 50-day simple moving average of $93.95 and a two-hundred day simple moving average of $92.55.

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

Analyst Upgrades and Downgrades

ETR has been the subject of a number of analyst reports. Morgan Stanley restated an “underperform” rating on shares of Entergy in a research note on Wednesday, January 21st. Wells Fargo & Company increased their price target on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Siebert Williams Shank began coverage on shares of Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective for the company. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Citigroup increased their price objective on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.