Entergy Co. (NYSE:ETR) Shares Purchased by Cerebellum GP LLC

Share on StockTwits

Cerebellum GP LLC raised its holdings in shares of Entergy Co. (NYSE:ETR) by 18.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,728 shares of the utilities provider’s stock after acquiring an additional 740 shares during the quarter. Cerebellum GP LLC’s holdings in Entergy were worth $566,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ETR. Millennium Management LLC lifted its position in Entergy by 174.1% during the third quarter. Millennium Management LLC now owns 1,965,094 shares of the utilities provider’s stock valued at $230,623,000 after buying an additional 1,248,178 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Entergy by 8.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 10,064,350 shares of the utilities provider’s stock valued at $1,035,924,000 after buying an additional 744,690 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Entergy by 1,812.3% during the third quarter. Assenagon Asset Management S.A. now owns 719,883 shares of the utilities provider’s stock valued at $84,485,000 after buying an additional 682,238 shares in the last quarter. Morgan Stanley lifted its position in Entergy by 192.6% during the second quarter. Morgan Stanley now owns 1,014,641 shares of the utilities provider’s stock valued at $104,436,000 after buying an additional 667,875 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in Entergy by 497.2% during the third quarter. Wedge Capital Management L L P NC now owns 769,597 shares of the utilities provider’s stock valued at $90,320,000 after buying an additional 640,734 shares in the last quarter. 86.12% of the stock is currently owned by hedge funds and other institutional investors.

NYSE ETR opened at $123.74 on Thursday. The company’s fifty day simple moving average is $118.89 and its 200-day simple moving average is $113.92. Entergy Co. has a 52 week low of $85.30 and a 52 week high of $123.92. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.69. The stock has a market cap of $24.21 billion, a P/E ratio of 16.93, a PEG ratio of 3.12 and a beta of 0.27.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, October 30th. The utilities provider reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.23. Entergy had a net margin of 7.38% and a return on equity of 11.13%. The business had revenue of $36.72 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same period in the previous year, the company posted $3.77 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, research analysts expect that Entergy Co. will post 5.32 EPS for the current fiscal year.

A number of research analysts have weighed in on ETR shares. UBS Group cut shares of Entergy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $115.00 to $126.00 in a research report on Thursday, October 31st. KeyCorp boosted their target price on shares of Entergy from $118.00 to $128.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. ValuEngine cut shares of Entergy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup boosted their target price on shares of Entergy from $109.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. boosted their target price on shares of Entergy from $116.00 to $129.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $116.82.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

Featured Article: Balance Sheet

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Co. (NYSE:ETR).

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.